Hurd resignation won’t affect HP’s product rollout

Seeking a new chief executive officer after the resignation of Mark Hurd, Hewlett-Packard Co. said the change won’t affect products or customer relationships and that... More Below... Posted by on Aug 9th, 2010 and filed under Computer, Finance, US.

Seeking a new chief executive officer after the resignation of Mark Hurd, Hewlett-Packard Co. said the change won’t affect products or customer relationships and that the depth of management is the best in its history.

During a conference call, interim CEO Cathie Lesjak said Monday, “One thing changed in this company on Friday, and that is our CEO left. Our management breadth and depth in the company is as strong as it’s ever been.”

On Aug. 6, Hurd resigned as CEO after an investigation found he had a personal relationship with a contractor who received numerous inappropriate payments from the company. HP, under his guidance, retook the top spot in the personal-computer market from Dell Inc. and embarked on an acquisition strategy that broadened its role in computer services, networking equipment, and smartphones.

Referring to Hurd, Lesjak said, “There’s no question he did a very good job. But he doesn’t do everything. He was one person.”

(Thanks to Bloomberg and Wikipedia)

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