The Recycler
  • Ninestar web banner November 2022 Masthead
  • Katun March Web Advert 2021
  • Static Control June 2022 Masthead Ad
  • Biuromax Web banner June 2022

HP to fire CEO?

HP to fire CEO?

September 22, 2011

Hewlett-Packard may planning to fire its Chief Executive Officer Leo Apotheker less than a year after he took the role, anonymous sources “close to the matter” told Bloomberg. HP Director and former eBay CEO Meg Whitman is rumoured as possible interim successor.

One of the sources added that HP’s board of directors may also be reconsidering its poorly received plans to spin-off its industry-dominating but unprofitable PC division the Personal Systems Group.

Apotheker took on the role at the end of November 2010 following the exit of predecessor Mark Hurd in the wake of an expenses scandal. His reign has so far been a difficult one, and HP stock has reportedly dropped by almost 50 percent since he entered the role.

In particular, last month’s announcement that it was considering spinning off its PC business and would cancel its webOS hardware caused stock to plummet by 20 percent.

A strong indication of investors’ lack of confident in Apotheker came yesterday as Bloomberg reports that rose HP rose by 6.7 percent on the New York Stock Exchange after it broke the rumour of his ouster.

Meg Whitman, who joined HP’s board in January this year, is currently rumoured to be Apotheker’s successor, at least on an interim basis. Whitman was CEO of e-commerce site eBay for 10 years.

HP’s continued troubles have fuelled speculation that the technology giant may be at risk of a hostile take-over, especially from partner-come-rival Oracle, which has reportedly been strongly considering the news.

Categories : World Focus

Tags :

  • GPI November 2022 Web advert
  • Apex Web Ad September 2022
  • Static Control June 2022 Big & Bold Ad
  • Aster November 2022 Web advert
  • IR Italiana Web ad January 2021
  • Ink Tank december 2022 Web Advert
  • GM Technology Web 2022 Ad
  • GM Tech Web ad September 2022
  • Mito December 2022 Web banner
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • HYB October 2022 Web banner
  • PCL Web ad January 2021
  • Zhono Web Ad October 2022
  • CET June 2022 Web ad
  • HYB October 2022 Web banner
  • CET June 2022 Web ad
  • Zhono Web Ad October 2022
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • CTS New Ad March 2022
  • HYB October 2022 Web banner
  • Zhono Web Ad October 2022
  • CTS New Ad March 2022
  • ITP Web ad January 2021
  • CET June 2022 Web ad
  • PCL Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark