Business HOME LOCAL L.A. Now Politics Crime Education O.C. Westside Neighborhoods Environment Obituaries Findlocal U.S. Politics Nation Now Politics Now Top of the Ticket Science & Environment Obituaries Religion WORLD World Now Africa Asia Europe Iran Iraq Mexico & Latin America Middle East South Asia Business Money & Co. Technology Personal Finance Small Business Company Town Jobs Real Estate Cars SPORTS Lakers Clippers Dodgers Angels NFL Ducks/Kings USC UCLA College Football Preps Scores/Stats ENTERTAINMENT Movies Television Music Celebrity Arts & Culture Company Town Calendar The Envelope Findlocal Health Booster Shots Fitness & Nutrition Medicine Behavior Healthcare Reform Hospitals Living Home Food Image Books Parenting Findlocal Magazine Reader Photos Summer Guide Travel California Hawaii Mexico Las Vegas Europe Asia Australia Travel & Deal Blog Opinion Editorials Op-Ed Letters Opinion L.A. Deals Save: Deals Go: Travel Eat: Food Wear: Apparel Live: Everyday Needs Play: Electronics Drive More Mobile Site Subscribe / Manage Account Print Ads Place an Ad LAT Store Jobs Cars Real Estate Rentals More Classifieds 
Weekly Ad#inTheNews {min-height:20px;} Advanced Search Advanced Search X include all of these words: include any of these words: include this exact phrase: exclude: Select a date range this week past 30 days past 3 months past year Create a custom date range From: To: TechnologyThe business and culture of our digital lives, from the L.A. TimesMeg Whitman appointed chief executive of HP; Leo Apotheker oustedSeptember 22, 2011 | 1:26pm
It's official -- Meg Whitman is now the chief executive of HP, and Leo Apotheker is out after just 10 months.
The board of directors announced its decision to oust Apotheker and install Whitman after the stock market closed on Thursday. The statement from the company also said Raymond J. Lane, a partner at Silicon Valley venture firm Kleiner Perkins Caufield & Byers, would become the board's executive chairman.
“We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” Lane said in a statement. “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead."
The note also seemed to address concerns that Whitman's experience as the long-time CEO of EBay Inc., an online commerce firm, might not fully qualify her to run a global hardware firm.
"As a member of HP’s board of directors for the past eight months, Meg has a solid understanding of our products and markets,” Lane said.
Lane's statement also briefly addressed Apotheker's ouster, saying: "The board believes that the job of the HP CEO now requires additional attributes to successfully execute on the company’s strategy."
RELATED:
Meg Whitman may take over in HP CEO shakeup
HP investors seem to like idea of Apotheker's ouster; stock up 8%
HP reportedly cutting jobs at WebOS division
-- David Sarno
Photo: Ousted HP chief executive Leo Apotheker and new CEO Meg Whitman. Credit: Mal Langsdon and Lucy Nicholson/Reuters
Twitter: @latimestechFacebook: TechTimesMore in: Hewlett-Packard, Silicon Valley.entry {border-bottom:0px; padding-bottom:0px;}#sponsored1 {margin-bottom:15px;}
PreviousNext 
More from TechnologyComments ()
L.A. Times on Facebook
AdvertisementIn Case You Missed It...The LatestMost ViewedMost Emailed How to Reach Us
To pass on technology-related story tips, ideas and press releases, contact our reporters listed below.
To reach us by phone, call (213) 237-7163
Email: business@latimes.com
Jessica GuynnJon Healey
W.J. Hennigan
Tiffany Hsu
Nathan Olivarez-Giles
Alex Pham
David Sarno
@LATimesbiznew TWTR.Widget({ version: 2, type: 'list', rpp: 30, interval: 6000, title: '', subject: '', width: 'auto', height: 249, theme: { shell: { background: '#ffffff', color: '#000000' }, tweets: { background: '#ffffff', color: '#000000', links: '#000000' } }, features: { scrollbar: true, loop: false, live: true, hashtags: true, timestamp: true, retweets: true, avatars: true, behavior: 'all' }}).render().setList('latimesbiz', 'staff').start();CategoriesAmazonAndroidAppleBlackBerryEbooksFacebookGoogleHackingiOSiPadiPhoneKindleMicrosoftNetflixNintendoPhonesPrivacySocial NetworkingTablets
ArchivesSeptember 2011August 2011July 2011June 2011May 2011April 2011March 2011February 2011January 2011December 2010November 2010October 2010September 2010August 2010July 2010June 2010May 2010April 2010March 2010February 2010January 2010December 2009November 2009October 2009September 2009August 2009July 2009June 2009May 2009April 2009March 2009February 2009January 2009December 2008November 2008October 2008September 2008August 2008July 2008June 2008May 2008April 2008
More from The Times24 FramesAll The RageAwards TrackerBabylon & BeyondBig PictureBooster ShotsCompany TownCulture MonsterDaily DishDodgers BlogFabulous ForumFrameworkGreenspaceHero ComplexHomicide ReportJacket CopyL.A. at HomeL.A. NowL.A. Times on TumblrL.A. UnleashedLa PlazaLakersMinistry of GossipMoney & Co.Opinion L.A.PolitiCalPolitics NowPop & HissReaders' RepresentativeShow TrackerTechnologyTop of the TicketTravel News & DealsVarsity Times Insider
Corrections Horoscopes Media Kit About Us Contact Us Site Map
Burbank Leader | Coastline Pilot | Daily Pilot |Huntington Beach Independent | Pasadena Sun | Valley Sun | News Press |KTLA |Hoy | Los Angeles Times Magazine Baltimore Sun |Chicago Tribune |Daily Press |Hartford Courant |LA Times |Orlando Sentinel |Sun Sentinel |The Morning CallTerms of Service | Privacy Policy | Los Angeles Times, 202 West 1st Street, Los Angeles, California, 90012 | Copyright 2011
A Tribune Web siteView the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
