HP Board Ousts Apotheker, Whitman in As CEO. Former SAP CEO Leo Apotheker lasted less than a year in the job - By Chris Kanaracus - Thu, September 22, 2011
IDG News Service - Hewlett-Packard CEO Leo Apotheker was ousted from his position on Thursday and replaced by HP director and former eBay CEO Meg Whitman, less than a year after he took the job.
To successfully execute its strategy, the company requires "additional attributes" in its CEO, traits that Whitman possesses, HP said.
In addition to naming Whitman president and CEO, HP said that Ray Lane has now changed positions, from non-executive chairman of HP's board to executive chairman. The board "intends to appoint a lead independent director promptly," it added.