Hewlett-Packard Co. has named former eBay Inc Chief Executive Meg Whitman as its new President and CEO, replacing Leo Apotheker. The move is effective immediately, as per the market buzz.
Ray Lane, Executive Chairman, HP's board "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 job of the HP CEO now requires additional attributes."
According to industry buzz, the board also plans to appoint an independent director. But the group was not preparing to make changes to its strategy.
