HP board reportedly eyes Whitman for CEO job

Leo Apotheker may be on his way out

HP's board of directors is reportedly looking to replace CEO Leo Apotheker, with former eBay CEO and current HP director Meg Whitman said to be a finalist for the job.

The planned change in leadership of the troubled company was reported by All Things D [http://allthingsd.com/20110921/former-ebay-ceo-meg-whitman-being-considered-for-hp-ceo-job-to-replace-apotheker/] and others, citing anonymous sources. The appointment of Whitman "is by no means a done deal", according to All Things D.

Wall Street reacted favorably to the rumor: HP's stock price rose 7.6 percent at the New York Stock Exchange [http://www.google.com/finance?q=hewlett+packard]. Apotheker has been leading HP since September 2010.

If Apotheker is indeed ousted, it would be the second time in a row he lost a CEO position after a brief and rocky tenure.

He was removed as head of software giant SAP in February 2010 less than a year after being named sole CEO. The company returned to its previous co-CEO format, replacing Apotheker with insiders Jim Hagemann Snabe and Bill McDermott.

Apotheker faced a variety of pressures as SAP CEO, such as dropping software license revenues due to the global recession, as well as fallout from an unpopular decision to raise support fees.

Company morale also reportedly fell under his watch. Co-founder Hasso Plattner alluded to this at the time of Apotheker's removal, saying he would "do everything possible to make SAP a happy company."

Apotheker's tenure at HP has been marked by the failure of its Touchpad tablet, which the company is pulling from the market, and the decision to seek a buyer for its low-margin PC business unit.

(Chris Kanaracus contributed to this story.)

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuespersonnelhewlett packard

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Loek Essers

IDG News Service
Show Comments

Brand Post

Bitdefender 2018

With determination and drive, you achieve outstanding performance! Get Bitdefender Total Security 2018 Now!

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?