MEG WHITMAN

Hewlett Packard Co. (NYSE:HPQ) named Meg Whitman as president and chief executive officer, while Ray Lane has moved from non-executive chairman to executive chairman of the board.

Hewlett-Packard has announced that Meg Whitman would be the company's new chief executive officer

Hewlett-Packard has announced that Meg Whitman, former CEO of eBay, will be the new Chief Executive Officer of the company. She will be the fourth CEO of HP in six years.

Hewlett-Packard will be firing CEO Leo Apotheker and replacing him with Meg Whitman, the company announced Thursday afternoon.

It has been barely a year since HP's last CEO shakeup and already the company is moving in a new direction, dismissing Léo Apotheker and bringing Meg Whitman on board as full time CEO.

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Leo Apotheker won’t remain CEO of Hewlett-Packard into a second year. Directors of the world’s biggest computer maker ousted him in favor of the former head of eBay, Meg Whitman, who lacks computer experience.

Meg Whitman will replace Leo Apotheker as CEO of Hewlett-Packard, sources have reported.

The week's stock market crash didn’t spare the technology sector, which is often immune from the cycles that beset banking and basic industries. If anything, tech stocks got hammered worse than the market.

Stocks dived more than 3 percent on Thursday, extending losses for a fourth day, as a bleak outlook from the Federal Reserve and weak data from China heightened fears of a global recession.

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

The problem for HP and doomed CEO Leo Apotheker runs much deeper than the obvious, including a sagging stock price, TouchPad tablet and WebOS failure, and a damaged brand image. The simple cultprit has been corporate indecisiveness, which has run amok throughout every problem the company has faced. That's why Apotheker is apparently out of a job and Meg Whitman, the former eBay CEO is in. But even that very move smacks of indecisiveness, since Apotheker has only been on the job for one year.

Whitman, who failed to become Republican Governor of California last year after spending tens of millions of dollars in the campaign, is a highly controversial choice to lead the troubled HP.

Hewlett-Packard Co is on the verge of naming former eBay Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

Hewlett-Packard elected Meg Whitman, former CEO of eBay, as CEO

Since mid-February, HP stock has lost more than half its value.

September has proved to be a tough month for technology boards of directors who seem to be foundering, and not leading their companies. The result may be that customers wonder who's designing the products.

Several media reports say that Hewlett-Packard (NYSE:HPQ) is considering ousting CEO, Leo Apotheker, only 10 months after he officially took the helm on Nov. 1, 2010.

During his brief stay at HP, Apotheker decided to dramatically shift the company’s strategy.

Hewlett-Packard Co's board is considering ousting Chief Executive Officer Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman, Bloomberg cited two sources familiar with the matter as saying.

Stocks added to losses on Wednesday after the Federal Reserve said the economic outlook remains grim, even as it said it would take more action to boost demand.