HP close to naming Whitman CEO, ejecting Apotheker

Hewlett-Packard Co is on the verge of naming former eBay Inc Chief Executive Meg Whitman its new CEO, replacing Leo Apotheker at the helm of the largest U.S. technology company, two sources told Reuters on Thursday.

The company is preparing to announce the decision, which would elevate Whitman to full CEO rather than have her serve in an interim capacity, after markets close, two sources said.

One of the sources added that the board was not preparing to make changes to its strategy, contrary to Wall Street speculation that Apotheker's departure might presage a backtracking on major strategic decisions during his term.

Those included a possible spinoff of its huge personal computer division -- the world's largest -- and the planned acquisition of British software maker Autonomy Corp Plc, which has some investors worried that HP is overpaying.

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- Posted: 2011-09-22 13:16:39

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