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HP appoints ex-eBay boss

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HP today announced that its board of directors has appointed Meg Whitman as president and chief executive officer. Furthermore, Ray Lane has been appointed as executive chairman and Leo Apotheker is stepping down as president and CEO.

HP today announced that its board of directors has appointed Meg Whitman as president and chief executive officer.

In addition, Ray Lane has moved from non-executive chairman to executive chairman of the board of directors, and the board intends to appoint a lead independent director promptly. These leadership appointments are effective immediately and follow “the decision that L√©o Apotheker step down as president and chief executive officer and resign as a director of the company””.

The ousting of Apotheker was strongly anticipated after his announcement that he would sell of HP’s computing division and can its tablet developments. (HP surrenders in PC, phone, tablet war).

‚We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,‚ said Lane. ‚We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Meg is a technology visionary with a proven track record of execution. She is a strong communicator who is customer focused with deep leadership capabilities. Furthermore, as a member of HP’s board of directors for the past eight months, Meg has a solid understanding of our products and markets.‚

Whitman said, ‚I am honored and excited to lead HP. I believe HP matters ‚ it matters to Silicon Valley, California, the country and the world.‚

Speaking on behalf of the board, Lane said, ‚We very much appreciate L√©o’s efforts and his service to HP since his appointment last year. The board believes that the job of the HP CEO now requires additional attributes to successfully execute on the company’s strategy. Meg Whitman has the right operational and communication skills and leadership abilities to deliver improved execution and financial performance.‚

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