HP CEO Mark Hurd Resigns After Sexual Harassment Probe
Here's the official Hewlett-Packard press release.
Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards, according to the Associated Press.
Here’s the official Hewlett-Packard press release.
According to the AP Story:
“HP said Friday that Hurd decided to leave after the investigation into a sexual-harassment claim made against him and the company by a former HP contractor. The probe concludes that the company’s sexual-harassment policy was not violated, but that its standards of business conduct were.
In a statement, Hurd said that during the investigation he “realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP.” He added that he believed it would be “difficult to continue as an effective leader at HP.”
Hurd and Robert Ryan, HP’s lead independent board member, stressed that Hurd’s departure has nothing to do with the company’s financial health.
The technology company named Chief Financial Officer Cathie Lesjak as its interim CEO.
HP says a board committee will search for a new CEO.
Lesjak, who has been at HP for 24 years, will continue to act as CFO. She decided not to be considered for the position of permanent CEO, the company said.”
The VAR Guy will be back soon with additional insights about HP’s future.