Apotheker Out, As HP Names Meg Whitman CEO

HP's board of directors today announced that Léo Apotheker has "stepped down" as CEO. Former eBay CEO Meg Whitman has been appointed as the new president and chief executive officer.

"We are fortunate to have someone of Meg Whitman's caliber and experience step up to lead HP," said HP Board Director Ray Lane. "We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Meg is a technology visionary with a proven track record of execution. She is a strong communicator who is customer focused with deep leadership capabilities. Furthermore, as a member of HP's board of directors for the past eight months, Meg has a solid understanding of our products and markets."



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