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HP’s CEO Steps Down, What's Next?

HP Searches for New Chief Executive Officer

by Yaroslav Lyssenko

[ 02/11/2005 | 02:31 PM ]

The board of directors of Hewlett-Packard Company announced earlier this week that Carleton S. Fiorina has stepped down as chairman and chief executive officer, effective immediately. Robert P. Wayman, HP's chief financial officer, has been 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, also effective immediately.

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With Ms Fiorina leaving HP, an era in the IT industry comes to the end. The main questions analysts, observers and executives ask themselves is what is next to happen to HP and who is the next chief of the Silicon Valley legend.

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