The HP Way Out [This thread has alot of new contributors, and I don't have time to read through all of the posts, so please forgive me if this has already been posted!]
Reeves and Lisa DiCarlo , 02.09.05, 2:43 PM ET
NEW YORK - After a tumultuous six-year tenure, Carleton "Carly" S. Fiorina, Hewlett-Packard's chief executive, was asked to resign yesterday afternoon.
Robert P. Wayman, HP's (nyse: HPQ - news - people ) longtime chief financial officer, has been named interim CEO. Patricia C. Dunn, an HP director since 1998, has been named nonexecutive chairman of the board.
"Carly Fiorina came to HP to revitalize and reinvigorate the company," Dunn said in a prepared statement. "She had a strategic vision and put in place a plan that has given HP the capabilities to compete and win. We thank Carly for her significant leadership over the past six years as we look forward to accelerating execution of the company's strategy."
Fiorina joined the company as chief executive, amid deafening fanfare, in July 1999. She was the poster girl for breaking the glass ceiling, the first woman to lead a Dow component. She was attractive, well-dressed and sharp as a tack. Her face was plastered on many magazine covers, and reporters breathlessly covered her arrival.
But the honeymoon didn't last long...
forbes.com |
