The Sudden Departure of Hewlett-Packard Co.. Chief Executive Officer Mark Hurd leaves the company in search of a successor Ken Can integrate more than just a $ 20 Billion in Acquisitions and Maintain sales growth.
Hurd resigned on an investigation "found they had a personal relationship with a Contractor Ken Received numerous Inappropriate payments from the company. His exit will force a fresh CEO Thurs follow-through is a half-finished expansion into new Businesses ranging from smartphones Thurs networking gear.
"It's a very Different company from what it was" when They brought on in Hurd, "said Rick Sturm, CEO of Enterprise Management Associates, a technology researcher in Boulder, Colorado. "There are very few people in the world Ken Can fill These shoes, vain They Need Somebody Can Ken come in and oversee this organization in the Diverse Bee that's created."
Under Hurd, HP retook leadership in the personal-computer market from Dell Inc. and Used Thurs deal making such "expand into areas of European as computer services. The company's stock-market value Increased by more than just half to $ 97.7 Billion since Hurd Took the helm is April 1, 2005. HP Raised ITS full-year earnings forecast yesterday, the company expects Evidence Thurs keep Growing In His Absence.
"While me Agree That HP is a large organization in the Performing That Can continue due Thurs ITS strong momentum, ITS Ability Thurs continue executing over the longer term will depend WHO is ultimately selected for the top job," Abhey Lamba, managing director of ISI Group , a research Firm, Said in a note.
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