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HP Enterprise CEO Meg Whitman To Step Down (reuters.com)

Posted by BeauHD on from the out-with-the-old-in-with-the-new dept.

Hewlett Packard Enterprise's Meg Whitman is stepping down as chief executive officer. Reuters reports: Whitman engineered the biggest breakup in corporate history during her 6 year tenure at the helm, creating HPE and PC-and-printer business HP Inc from parent Hewlett Packard Co in 2015. Whitman will be succeeded by the company's president, Antonio Neri, who takes over from Feb. 1. "Now is the right time for Antonio and a new generation of leaders to take the reins of HPE," Whitman said in a statement. Whitman, who will continue as a board member, had been steering the company towards areas such as networking, storage and technology services.

5 of 101 comments (clear)

  1. Bad news for investors by Aighearach · · Score: 3, Interesting

    So the long and short of it, the stock price is dropping because she was never brought in to lead, she was brought in to part it out and sell things off! And they have no confidence the new guy can convince anybody to buy the lemons they have left, if she couldn't.

    This means, if you didn't get out already, you missed the boat.

    HPE will now stabilize and will have to live with a stock price that has less of a speculation bonus.

  2. Re:Who would be your "dream CEO" for HP? by ebh · · Score: 3, Interesting

    Ann Livermore should have gotten the job instead of Carly.

  3. Re:Who would be your "dream CEO" for HP? by Strider- · · Score: 4, Interesting

    Low grade desktop and laptop vendor. Decent servers.

    The ProLiant division lives with HPE... They're dead to me now that they started requiring you to have a support contract in order to get firmware updates. Otherwise, it's still solid, well built gear. Next time 'round I'll probably look at Dell or Lenovo.

    --
    ...si hoc legere nimium eruditionis habes...
  4. Re:Time to cash out by Anonymous Coward · · Score: 2, Interesting

    It's all you see everywhere these days. Fire a whole bunch of staff to cut costs, and the share price goes up. Temporarily anyway. Long term business plan? Pffft. Seems to be the M.O. of a lot of North American businesses these days. Is this what they're teaching in the Harvard MBA program now?

  5. Re:Time to cash out by hambone142 · · Score: 3, Interesting

    Know the situation well. Meg accomplished absolutely NOTHING during her tenure at HP. I got a kick out of her splitting off printers and PCs. Walter Hewlett proposed that before Fiorina ousted him from the Board of Directors. Meg does it and it's "visionary".

    Let's face it. She ran a soap company, a toy company and occupied space at eBay.

    HPE and HPinc are both circling the drain because the past four (count 'em, FOUR) CEOs were bean counters and had no ability to lead an effort to develop new products. They saw an easy way out by attempting to acquire companies and their products but absolutely NONE of the acquisitions have produced anything meaningful.

    I'm hoping the new CEO of HPE will provide some direction as he is a technical person. However, most of what was HP management was displaced by Compaq "yes men" and cronies. Most competent technical people have left the companies or were laid off for "cost savings".

    You can't "save costs" in to success. Actual innovation has to happen to provide value to a company.

    This revolving door of CEOs at HP (yeah, it's "HPE" now) provided nothing except an excuse to "loot and scoot" by a procession of incompetent CEOs and their friends.

    They really should take the founder's names off of the company. It's a disgrace to their legacy.