HP Chairman and CEO Carly Fiorina Steps Down

HP Chairman and CEO Carly Fiorina Steps Down

The board of directors of Hewlett-Packard Company today announced that Carleton S. Fiorina has stepped down as chairman and chief executive officer, effective immediately. Robert P. Wayman, HP’s chief financial officer, has been named chief executive officer on an interim basis and appointed to the board of directors. Patricia C. Dunn, an HP director since 1998, has been named non-executive chairman of the board, also effective immediately.

“Carly Fiorina came to HP to revitalize and reinvigorate the company. She had a strategic vision and put in place a plan that has given HP the capabilities to compete and win. We thank Carly for her significant leadership over the past six years as we look forward to accelerating execution of the company’s strategy,” said Dunn, on behalf of the board.

“While I regret the board and I have differences about how to execute HP’s strategy, I respect their decision,” said Fiorina. “HP is a great company and I wish all the people of HP much success in the future.”

Read the complete Press Release