Hewlett-Packard Co on 22 September 2011 named former eBay Inc Chief Executive Meg Whitman its president and CEO. Whitman replaced the harshly criticized Leo Apotheker in a bid to restore investor confidence in company. Leo Apotheker became the third straight HP CEO to be fired.
Chairman Ray Lane became the Executive Chairman with a mandate to help Whitman run a sprawling $120 billion empire with over 300000 employees.
Meg Whitman has been an HP director for about eight months. Whitman is an Internet retail expert. She had previously transformed eBay from a few dozen employees in 1998 into a global Internet retail powerhouse. However, the final years of her reign at eBay were marked by sputtering growth, intensifying Wall Street criticism and a string of unwise acquisitions, including of Skype.
Whitman expects HP to close the pricey $12 billion acquisition of British software maker Autonomy Corp Plc as planned.
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