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AllthingsD: Meg Whitman to be named HP CEO today

Written by Andre Yoskowitz (Google+) @ 22 Sep 2011 13:15 User comments (4)

AllthingsD: Meg Whitman to be named HP CEO today Kara Swisher has reported today that former eBay CEO Meg Whitman will be named the new CEO of HP.
Current CEO Leo Apotheker will be fired after just 11 months on the job.

As reported yesterday, in his 11 months on the job, Apotheker has lost HP $20 billion in market value while slashing sales forecasts three times.

Apotheker, who had a failed stint as CEO of software giant SAP, has recently purchased Autonomy for $10 billion, a move that has been completely criticized by all shareholders due to its huge price tag. The CEO also shut down webOS and firesaled their tablets at $99, just a few months after the company's acquisition of the mobile OS from Palm.

Sources say Whitman will be hired for the long-term, not just an interim position as speculated.

Says one source:

Meg is not someone who wants to be a steward of a process to find another CEO for HP. She wants to run the company and be a strong leader for what she considers an important tech powerhouse.

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4 user comments

122.9.2011 18:28

another dumb move by hp

222.9.2011 22:41

Yeah...now they will probably start making WebOS tablets again.



323.9.2011 15:13

I completely disagree with both of you. Meg Whitman is recognized by her peers as one of the most successful CEO's of the last decade. She has her work cut out for her with HP, but she is probably their last and best hope.

423.9.2011 17:02

Quote:
in his 11 months on the job, Apotheker has lost HP $20 billion in market value while slashing sales forecasts three times.
Quite an attractive thing to put on a resume. I don't understand why they don't just fire these people after the first devastating screw up, instead of waiting for them to damage the company beyond repair.
This message has been edited since its posting. Latest edit was made on 23 Sep 2011 @ 17:03

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