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Apotheker leaves, Whitman named new CEO, at HP

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Palo Alto, Calif.—Hewlett-Packard Co. announced that Léo Apotheker has resigned as president-CEO and director of the company, after serving only 11 months in these leadership roles. The board elected Meg Whitman as its new president-CEO. Whitman is the former CEO of eBay and was a candidate in last year's race for governor of California. Ray Lane, executive chairman of HP's board, said in a statement, “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Meg is a technology visionary with a proven track record of execution.” The appointments are effective immediately.
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