HP CEO stuns everyone, resigns citing he didn't live up to company's standards
Monday, 09 August 2010, 03:12 Hrs | 6 Comments
HP said the investigation determined there was no violation of HP's sexual harassment policy but did find violations of HP's Standards of Business Conduct.
According to a company statement, the investigation revolved around sexual harassment allegations made by an outside contractor with HP. It said that Hurd "with the board of directors" had decided to resign immediately, a signal that the chief executive who had revitalised HP since taking over in 2005 was forced to fall on his sword.
"As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP and which have guided me throughout my career," said Hurd. "After a number of discussions with members of the board, I will move aside, and the board will search for new leadership."
Chief Financial Officer, Cathie Lesjak, 51, will take over as interim Chief Executive while the company searches for a permanent replacement, HP said.
Experts on SiliconIndia
Post your Comment
All form fields are required.