Items tagged with meg whitman
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...
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It’s interesting to see how once might tech giants can circle the drain, ending up as a hollow shell of their once powerful selves. When HP saw its fortunes crumble under the leadership of Carly Fiorina -- its first leader that didn’t come from an engineering background -- it brought in Mark Hurd to right the ship, only to see him depart following a high-profile sexual harassment scandal. And then came the short-lived, and disastrous tenure of Leo Apotheker. That brings us to Meg Whitman, who took over as CEO in September 2011. Four years into her reign at the top, HP is today breaking up into two separate companies: HP Inc. and HP Enterprise (HPE). “We’re leaving behind a company that was very...
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Former Ebay CEO and current chief of Hewlett-Packard, Meg Whitman, inherited a company that was (and remains) on top of the PC pile, but also one that was struggling to find direction. She replaced Léo Apotheker, a software guy who wanted to exit HP from the PC business and focus on software and printing, a strategy that didn't mesh with the Board's vision for the future. As such, Whitman jumped into the fire feet first, was handed the reins, and essentially told, 'Here you go, fix everything.' That's what she's been trying to do, but some things take time. While speaking to financial analysts this week, Whitman hit them with the news that earnings would take a dive, revenue was about...
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HP announced more bad news for employees who are already facing massive job cuts: it plans to slash even more positions than expected. That number was a projected 27,000 lost jobs by 2014. Now, reports suggest that the company is eyeballing an additional 2,000 cuts, or 29,000 total slashed jobs by the end of that same forecast period. Amid the restructuring, HP is preparing for Windows 8 and has already announced some interesting new systems with multi-touch screens to take advantage of Windows 8's touch capabilities. This is the upcoming HP ENVY TouchSmart Ultrabook 4. Although HP isn’t giving much explanation for the additional cuts, it doesn’t really need to: the company’s...
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Well, this is strange. But not entirely unexpected. Rumors had intensified in the last few days that HP was getting ready to switch CEOs for the second time in a year, and those rumors were just put to rest. Because they're true. In September of last year, former CEO of SAP, Léo Apotheker, was chosen to lead HP after the Mark Hurd scandal. Now HP has a whole different kind of scandal to worry about. A scandal involving shaky leadership and questionable decisions. Today, Meg Whitman (the former CEO of eBay) was named President and Chief Executive Officer of HP, while Ray Lane was appointed executive chairman. Leo's gone altogether. We are told that the board intends to appoint a lead independent...
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