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HP replaces its chief executive

HP replaces its chief executive

Business Plan Help Australia Leo Apotheker has been replaced as chief executive of Hewlett-Packard by Meg Whitman, the former head of eBay.

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Mr Apotheker was in the job less than a year, but had overseen a collapse in the share price and a fall in sales.

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Research Papers Buy Ms Whitman, who once ran for governor of California, resigned from eBay in 2008 and is credited with building it into a global force.

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Literature Review HP announced the departure after a board meeting, but there had been speculation for days about his future.

Custom Psychology Essays In a statement, Ray Lane, who was named executive chairman, said: “We are fortunate to have someone of Meg Whitman’s calibre and experience to step up to lead HP.

Literature Review On Conflict Management “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead.”

Viagra Treat High Blood Pressure Ms Whitman, who had been a member of the HP board since January, said in a statement: “I am honoured and excited to lead HP. I believe HP matters – it matters to Silicon Valley, California, the country and the world.”

Examples Of Executive Summary For Business Plan It is the second time in two years Mr Apotheker has been forced out of a top job. He stood down from German business software maker SAP last year, after less than a year as chief executive.

Phd Psychology Thesis He took over HP after the departure of former boss Mark Hurd, who quit after a sexual harassment investigation.

Undergraduate Dissertation Proposal The new chief replaced a third of the HP board, brought in Ms Whitman, announced plans to sell the personal computer division – the world’s largest – and bought UK software maker Autonomy for £7.1bn ($11.7bn).

But his strategy has failed to impress investors. HP’s shares have fallen 45.4% this year, making it one of the worst performers in the Dow Jones index of leading US companies.

How To Get A First In Dissertation HP’s shares closed down 4.8% at $22.80 on Thursday.

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