HP names former eBay head Meg Whitman as CEO

- Thursday, September 22, 2011

HP names former eBay head Meg Whitman as CEO

HP's (NYSE: HPQ) board has appointed Meg Whitman, former eBay CEO, as president and chief executive officer, the company said in a statement.

Léo Apotheker steps down as president and chief executive officer and resigns as a director of the company.

In addition, Ray Lane has moved from non-executive chairman to executive chairman of the board of directors, and the board intends to appoint a lead independent director promptly.

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These appointments are effective immediately.