Meg Whitman To Step Down As Hewlett-Packard Enterprise CEO In 2018

After overseeing a massive restructuring effort, Hewlett Packard Enterprise (HPE) announced that Meg Whitman will be stepping down as CEO effective February 1, 2018. She will be replaced by Antonio Neri, HPE's current president, who will also join the company's board of directors. Whitman will remain on the board as well, the company said.

"I’m incredibly proud of all we’ve accomplished since I joined HP in 2011. Today, Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets," Whitman said in a statement. "Now is the right time for Antonio and a new generation of leaders to take the reins of HPE. I have tremendous confidence that they will continue to build a great company that will thrive well into the future."

Meg Whitman
Image Source: Flickr (Tracie Hall)

Despite a rough restructuring period, HPE commended Whitman on the job she did, pointing out that she helped the company rebuild its balance sheet, reignite innovation, strengthen operations, and improve customer and partner satisfaction.

"During the past six years, Meg has worked tirelessly to bring stability, strength and resiliency back to an iconic company," said Pat Russo, Chairman of HPE’s Board of Directors."Antonio is an HPE veteran with a passion for the company’s customers, partners, employees and culture. He has worked at Meg’s side and is the right person to deliver on the vision the company has laid out."

After trying to hold the company together, the former eBay boss spun off the tech giant's printers and PCs business, which operates as HP Inc, leaving HPE to focus on storage and servers. She also ended up spinning off the company's enterprise services business and merging its enterprise software arm. Now it will be up to Neri to navigate HPE where he sees fit.

"The world of technology is changing fast, and we’ve architected HPE to take advantage of where we see the markets heading," Neri said. "HPE is in a tremendous position to win, and we remain focused on executing our strategy, driving our innovation agenda, and delivering the next wave of shareholder value."

Thumbnail Image Source: Flickr (Erik (HASH) Hersman)

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