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HP Hires Headhunter to Find Replacement for ex-CEO

HP’s New CEO to Be Found “With Highest Levels of Confidentiality”

by Yaroslav Lyssenko

[ 02/19/2005 | 07:15 AM ]

HP announced it had appointed Russell Reynolds Associates to handle activities related to the search for a new chief executive officer of the company. The search will be managed by Andrea Redmond and Charles Tribbett, co-leads of the firm's CEO/Board Services Practice, along with their team.

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“As we expect this search to be managed with the highest level of confidentiality, we will not comment further until we are ready to announce our new CEO,” HP said in the statement on the matter.

Earlier this month the Board of directors of Hewlett-Packard Company announced that Carleton S. Fiorina stepped down as chairman and chief executive officer, effective immediately. Robert P. Wayman, HP's chief financial officer, was named chief executive officer on an interim basis and appointed to the board of directors. Patricia C. Dunn, an HP director since 1998, has been named non-executive chairman of the board.

Industry analysts said Ms Fiorina was fired because of her disagreement with HP’s Board of directors on the further directions for the company. The course the Board wants to choose for the firm is unclear, just like the requirements the directors want the future CEO to meet.