Thursday, September 22, 2011

NYT: HP Set to Name Whitman as CEO

Posted By on Thu, Sep 22, 2011 at 3:25 PM

As reported earlier on Citydesk, Hewlett-Packard's board of directors is moving to dump CEO Leo Apotheker after less than a year at the top post. But now The New York Times is reporting that the board will name former eBay CEO Meg Whitman to replace Apotheker after Wall Street markets close today.

Whitman, who also sits on the HP board, is reportedly being selected not only because of her ability to lead a massive corporation, but her communications skills—something Apotheker is reportedly lacking. During his tenure, many of Apotheker's plans—including spinning off the company's PC business—have made investors and board members nervous. Through Tuesday, HP stock lost almost half its value since Apotheker became CEO.

But Whitman's apparent promotion has some in the tech world shaking their heads, saying her personality and ego are inflated, and that her recent venture into the political world has hurt her.

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