Hewlett-Packard ousts CEO Fiorina

THE board of Hewlett-Packard has ousted chief executive officer Carly Fiorina after five years in which the company’s shares fell more than 50%.

Hewlett-Packard ousts CEO Fiorina
Thu, 10 Feb, 2005 - 00:00
Connie Guglielmo

Hewlett-Packard said chief financial officer Robert Wayman will be interim CEO. Patricia Dunn will be chairwoman, the company said.

Ms Fiorina struggled to boost PC profits, make money on storage devices and report consistent gains in sales of servers. Under Ms Fiorina’s watch, Palo Alto, California-based Hewlett-Packard lost the PC market lead to Dell.

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CourtsPlace: Palo Alto, CaliforniaPlace: Los AngelesPlace: BostonPerson: CEOPerson: FiorinaPerson: Carly FiorinaPerson: Robert WaymanPerson: Patricia DunnPerson: Jason MaxwellPerson: Toni SacconaghiOrganisation: Hewlett-PackardOrganisation: DellOrganisation: Compaq ComputerOrganisation: CompaqOrganisation: TCW Group Inc.Organisation: New York Stock ExchangeOrganisation: DowOrganisation: Merck & Co.Organisation: SBC Communications Inc.Organisation: IBMOrganisation: Sanford C Bernstein & Co.
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