HP : Apotheker out from CEO and New CEO is Whitman

San Francisco - Hewlett-Packard Co.. eBay Inc. named former. CEO Meg Whitman, president and chief executive of the ITS, Replacing Leo Apotheke strongly criticized in an Attempt to restore investor confidence in American technology company. The Decision Was Made Without a formal CEO search, and the Stacked Renewed criticism of the board, Which is Wall Street's Sake - at least in part - to the stories of Silicon Valley's past mistakes. 

Whitman, a specialist online retailer in the past, is not an obvious choice to Revive HP, say Analysts. California gubernatorial candidate is not around it on eBay a couple of Dozen Employees in 1998 Global Internet retail powerhouse, but in recent years, his regime Held in the sputtering growth by Reinforcing criticism of Wall Street and the silly string of acquisitions, includin his rise to Skype. While surprised many of his apparent haste - the second time, the internal candidates as business manager for David Donatelli - Apotheke Ejection fraction is a matter of time. 

He becomes the third straight HP CEO shown the door."Some might be saying maybe Meg Whitman isn't the right person, either. She's not a hardware person," said Auriga analyst Kevin Hunt. But HP "just needs someone to set the direction." Analysts had speculated that Apotheker's departure might presage a backtracking on major decisions taken during his 11-month term. But HP reassured investors on a conference call on Thursday that the board was not changing strategy again. Whitman said HP remained committed to completing a review of its PC division before the year ends, and expected to close the pricey $12 billion acquisition of British software maker Autonomy Corp Plc as planned.

HP's shares closed down 4.8 percent at $22.80, wiping out much of Wednesday's 6.6 percent gain. "We would view any decision not to conduct a comprehensive search of internal and external candidates for a permanent CEO role as unsatisfactory and unnecessarily hasty," Sanford Bernstein analyst Toni Sacconaghi, who has been openly critical of HP's board, wrote in a note earlier on Thursday.

HP Chairman Ray Lane dismissed such concerns. He said the board chose Whitman after serious consideration and that her strong communication and operational execution skills made her the best candidate.