It's official: Apotheker is out, Whitman is in at HP


— 3:56 PM on September 22, 2011

Over the span of about a day, we've gone from rumors about a possible CEO change at HP to an official announcement, which names former eBay CEO (and HP board member) Meg Whitman as the new president and CEO of HP. The company's board, it seems, was in a hurry to give Leo Apotheker the boot—the change in leadership is effective immediately.

HP's official announcement is short and sweet, and it includes this statement from Ray Lane, who ascended to the title of Executive Chairman of the Board today:

“We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” said Lane. “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Meg is a technology visionary with a proven track record of execution. She is a strong communicator who is customer focused with deep leadership capabilities. Furthermore, as a member of HP’s board of directors for the past eight months, Meg has a solid understanding of our products and markets.”

Lane adds that HP's board members "very much appreciate" Apotheker's efforts as CEO, but the post "now requires additional attributes to successfully execute on the company’s strategy."

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