Former eBay CEO Meg Whitman expected to take over at HP

By on September 22, 2011, 12:30 PM

Update: It's official. Léo Apotheker is out as CEO of HP, and former eBay chief Meg Whitman will take his place.

Former eBay CEO Meg Whitman is expected to take over the helm at Hewlett-Packard by the close of business today. Although no official vote has come down yet, multiple sources close to the situation say the HP board of directors will be meeting and voting on the matter today, according to All Things D.

Whitman has been pegged as the frontrunner for the job for some time now, but only on an interim basis. Sources now believe that she is poised to take over the position for the long run.

“Meg is not someone who wants to be a steward of a process to find another CEO for HP,” said one source. “She wants to run the company and be a strong leader for what she considers an important tech powerhouse.”

HP has seen seven CEOs come and go in the past 11 years and the current head, Leo Apotheker, has held the position for less than a year.

Whitman seems like a good fit to help steer HP back to calmer waters, at least on paper. As the head of eBay from 1998 to 2008, she led the small company of 40 employees and $4 million in annual revenue to a mega business with over 15,000 team members and $8 billion in yearly intake.

After her stint at eBay, Whitman ran for Governor of California but lost to Jerry Brown in the November 2010 election. She joined HP’s board of directors in January 2011 where it now seems she is positioned to take over as soon as today. All Things D also points out that Whitman has recently hired Henry Gomez as a consultant. Gomez worked with Whitman at eBay and during her run for governor as a communications advisor.

User Comments: 8

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Guest said:

quick note to HP stockholders: DUMP AND RUN.

Cota Cota said:

HP has seen seven CEOs come and go in the past 11 years.

Well that explains a lot! no wonder why there's a printer whit an integrated stapler and coffee holder in my office.

Guest said:

Whitman ran an online auction. What qualifies heard to run HP?

Why not give Ann Livermore a shot. She has been at HP through many years of turmoil, and MAYBE she has learned some lessons by watching the losers HP has had a CEO's

mosu said:

I feel very sorry for all the people had worked hard to make HP one of the best tech company and it makes me sad seeing how a stupid board who is ruining a life's work of technology and innovation.HP is not eBay, you have to understand innovation and to have a vision on the future of technology. HP does not need a salesperson but an engineer helped by a salesperson(maybe, because quality sells).Is Meg Whitman the final blow on HP? Will see if she takes the Carly Fiorina way or is she the real deal?Only future will tell..

Lionvibez said:

Anything is better than Leo, but I have a feel she will be watched alot more closely. And the board will actually pay attention to what the damn CEO is doing.

But in all honestly the board has to be fired also. They are responsible for hiring that goon leo, and the stock price dropping in half and all of the bone head decision that clown made.

Now may be a good time to buy HP stock if they can turn it around.

Guest said:

Now there is a satisfying smile after being promised a nice pay Cheque :)

SammyJames said:

Oh. Okay. It is now official:

HP is doomed.

Guest said:

A new CEO on average every 1.5 years, no wonder there is no direction. No wonder they go this way then that. Usually a new CEO takes at a few years to get a new direction established, especially at a large company.

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