Meg Whitman out as CEO of HPE early next year


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Six years after taking the helm as head of HP, Meg Whitman will step down from her position as CEO of Hewlett Packard Enterprise in February 2018. Whitman’s spot might be crammed by the corporate’s present president, Antonio Neri.

Neri has been with HP since 1995, beginning as a customer support engineer at a name heart, in the end climbing the ranks to govt vp of HPE in 2015 after which to president in June of this 12 months.

Whitman joined the corporate in 2011, after serving as the pinnacle of eBay. Throughout her tenure at HP, the manager oversaw a rocky time for the electronics large, in the end splitting the corporate in two: a private laptop and printing firm headed up by EVP Dion Weisler, and HPE, an data know-how firm, the place she retained her place as CEO.

Late final 12 months, the corporate thinned out additional by promoting its OpenStack and Cloud Foundry property to German firm SUSE. Earlier this 12 months, it spun off many of the remainder of its remaining enterprise software program enterprise, the final lingering piece of a 2011 Autonomy acquisition, which was thought to be the most recent in an extended line of regrettable strikes for the corporate.

Whitman’s impression on HP has largely been seen as a stabilizing pressure for an organization that was shifting within the mistaken course at a fast clip. Her predecessor, Leo Apotheker, was solely within the position for a couple of 12 months — on the time, the corporate had a way more tough time discovering one thing good to say about its ex-boss, stating, “We very a lot admire Leo’s efforts and his service to HP since his appointment final 12 months. The board believes that the job of the HP CEO now requires extra attributes to efficiently execute on the corporate’s technique.”

Whitman had beforehand served because the president and CEO of eBay, rising the net public sale web site from 30 staff in 1998 to 15,000 by the tip of her tenure.

“I’m extremely pleased with all we’ve completed since I joined HP in 2011. At this time, Hewlett Packard strikes ahead as 4 industry-leading firms which are every nicely positioned to win of their respective markets,” Whitman mentioned in a press release tied to this afternoon’s information. “Now’s the fitting time for Antonio and a brand new technology of leaders to take the reins of HPE. I’ve great confidence that they may proceed to construct an excellent firm that can thrive nicely into the long run.”

Again in July, Whitman was floated as a substitute for Uber CEO Travis Kalanick, in the end batting away such rumors, stating, “We have now loads of work nonetheless to do at HPE and I’m not going wherever.” That’s nonetheless considerably true right here — Whitman will keep on as a member of HPE’s board of administrators. She hasn’t introduced any plans past that. 

The massive information comes the identical day HPE reported its quarterly earnings, by which the corporate carried out barely higher than analyst expectations.

Featured Picture: Getty Photographs

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