Current CEO Leo Apotheker will be fired after just 11 months on the job.
As reported yesterday, in his 11 months on the job, Apotheker has lost HP $20 billion in market value while slashing sales forecasts three times.
Apotheker, who had a failed stint as CEO of software giant SAP, has recently purchased Autonomy for $10 billion, a move that has been completely criticized by all shareholders due to its huge price tag. The CEO also shut down webOS and firesaled their tablets at $99, just a few months after the company's acquisition of the mobile OS from Palm.
Sources say Whitman will be hired for the long-term, not just an interim position as speculated.
Says one source:
Meg is not someone who wants to be a steward of a process to find another CEO for HP. She wants to run the company and be a strong leader for what she considers an important tech powerhouse.
Written by: Andre Yoskowitz @ 22 Sep 2011 13:15