Léo Apotheker given the boot, HP appoints Meg Whitman as new President and CEO

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HP’s had a rough couple of months as of late, and the board has decided that a change of leadership in order. That means Léo Apotheker, the man that steered HP’s course for a year is out, replaced by industry veteran Meg Whitman. Whitman is no stranger to challenges, as she was the driving force behind eBay’s growth to what it is today, so it’d be interesting to see what she has in store to right the course HP has taken that has seen their stock dip 47%. Unfortunately, there are no signs of reversing webOS’ fate nor the decision of possibly spinning off the PC business as of now, but that may change in the near future as she gets her house on order.

Source: New York Times, HP