News Column

Troubled Hewlett Packard Weighing Ouster of CEO Apotheker

Sept. 21, 2011
HP CEO Leo Apotheker

Troubled technology giant Hewlett-Packard is weighing the ouster of its recently appointed CEO, Leo Apotheker, following a series of management missteps, according to reports Wednesday on Bloomberg News and the Wall Street Journal's AllThingsD blog.

Both reports said that a leading contender to replace the German executive was Meg Whitman, the former CEO of eBay, who is looking to return to a high-profile executive position following her failed run for the California governorship last year.

Apotheker was appointed in a surprise move just 11 months ago after his predecessor Mark Hurd resigned following claims of sexual harassment. Though Hurd was cleared of the allegations, an investigation found that he had fiddled his expense reports.

Apotheker's attempts to revitalize the world's biggest maker of personal computers have been met with investor scepticism and the company's stock has plunged 47 percent since he took over.

Pressure on the former boss of German software giant SAP intensified after he announced plans last month to seek "strategic alternatives" for the company's PC business, and buy British software firm Autonomy in a $10 billion deal in a bid to move HP into the higher margin business of selling software and services to companies.

Apotheker also decided to shelve HP's WebOS business that it bought last year for $1.2 billion and which had been seen as the company's answer to Apple's iPhone and iPad.

Source: Copyright 2011 dpa Deutsche Presse-Agentur GmbH

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