As expected, HP has replaced CEO and president Leo Apotheker with Meg Whitman, who is best known for having run eBay.
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 soon.
These appointments are effective immediately and follow the decision that Léo Apotheker step down as president and CEO and resign as a director of the company.
“We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” says 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.”