HP Board Is Said to Weigh Replacing Apotheker With Whitman
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Hewlett-Packard Co., facing investor frustration over sales-forecast cuts and jarring strategy shifts, is considering replacing Chief Executive Officer Leo Apotheker, two people familiar with the matter said.
The board may appoint Hewlett-Packard director and former EBay Inc. CEO Meg Whitman as Apotheker’s successor, possibly on an interim basis, said one of the people, who asked not to be named because the plans aren’t public. The board also is reconsidering a proposal to spin off the company’s personal-computer unit, another person said.