Exit: Apotheker, Enter: Whitman

Posted Sep 23, 2011

Hewlett-Packard Company (NYSE:HPQ) CEO Leo Apotheker has resigned from the company and has been replaced by Meg Whitman, the former CEO of eBay Inc. (NASDAQ:EBAY). Below is an e-mail that Apotheker sent out to HP employees:

TO/ All HP Employees
FROM/ Léo Apotheker

Dear HP Employees:

This afternoon, HP issued a press release announcing my resignation as president and CEO, positions I have held with great honor this past year. Meg Whitman will assume the role of president and CEO.

As you know, Meg is a technology visionary with a proven track record of execution and has served HP well as a member of the board for the past eight months. Meg will be supported by a broad and deep management team, and I have the utmost confidence that HP will succeed in executing its strategic evolution.

On a personal level, I cannot begin to express the admiration I have for all of you ? and what you have accomplished together. Over the past year, we were tasked with developing a strategic vision for HP and I know we have made important contributions to the company?s future.

Your efforts on behalf of HP and your dedication to our customers have inspired me ? and I am confident that HP has a bright future because of the talented people that come to work here every day. Thank you for your commitment to HP and for your dedication in serving HP?s customers and partners. It has been a tremendous honor and a pleasure to work with you here at HP.


Léo Apotheker