BtoB

HP CEO Fiorina resigns at board's request

Published on .

Reprints Reprints

Palo Alto, Calif.—At the request of Hewlett-Packard's board of directors, Carly Fiorina has resigned as chairman-CEO due to strategic differences. The resignation, announced Wednesday morning, took effect immediately.

In a statement, Fiorina said, "While I regret the board and I have differences about how to execute HP's strategy, I respect their decision."

HP’s board named CFO Robert Wayman as interim CEO. Patricia Dunn, an HP director, has been named non-executive chairman of the board.

HP will begin a search for a new CEO 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," Dunn said on behalf of the board.

—Kate Maddox

In this article:
Most Popular