09
February
2005
|
02:04 AM
America/Los_Angeles

Bye, bye, Carly



Carly Fiorino was forced out as head of HP today. For several months now, we had been hearing reports from insiders that Carly had been increasingly isolated. And many of her former staunchest supporters had been steadily departing the company.

The Merc has the story:

Hewlett-Packard announced early Wednesday that Carly Fiorina has stepped down as chairman and chief executive after nearly six years at the helm of the Palo Alto computer giant.

In a statement, Fiorina suggested that her departure wasn't voluntary: "While I regret the board and I have differences about how to execute HP's strategy, I respect their decision,'' she said. "HP is a great company and I wish all the people of HP much success in the future.''


HP's board said that Chief Financial Officer Bob Wayman, will become acting CEO while the Palo Alto company searches for a successor. Board member Patricia Dunn will become non-executive chairman.


Wall Street cheered the news, with HP's stock up more than 10 percent in early trading.


Link: MercuryNews.com Fiorina steps down as Hewlett-Packard CEO

cd1345