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Report: HP To Name Meg Whitman As New CEO Report: HP To Name Meg Whitman As New CEO

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Technology

Report: HP To Name Meg Whitman As New CEO

Former e-Bay CEO and California gubernatorial candidate Meg Whitman may be named CEO of Hewlett-Packard after the markets close on Thursday, All Things D reported.

HP's board has not officially voted to approve Whitman, but sources told All Things D it is all but certain.

Earlier on Thursday The Wall Street Journal reported that HP's board met on Wednesday to consider ousting current CEO Leo Apotheker. HP's market value has dropped by nearly half during Apotheker's 11 months at the company.

Whitman, a Republican, unsuccessfully ran against Democrat Jerry Brown in the 2010 race for California governor. In the most expensive campaign in California history, Whitman spent $177 million, including $144 million of her own fortune. Her fortunes were often compared with those of Carly Fiorina, herself dumped as CEO of HP, who ran for Calfornia's open Senate seat as Whitman ran for governor.

Whitman joined HP's board earlier this year and the speculation had been that she was a candidate for the top spot.

Last month HP announced a plan to split or sell off its personal-computer business, a move that sent HP stocks even lower.

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