HP’s Interim CEO Trying To Counter The Effect Of Mark Hurd’s Resignation

August 7th, 2010 - 7:18 pm ICT by GD  

By Ranjan Bhaduri
HEWLETT PACKARDPalo Alto, Aug 7, (THAINDIAN NEWS) The news of Mark Hurd’s resignation from IT giant Hewlett Packard has sent shock waves in the IT industry and the market analysts are busy speculating what effect it will have on the future of the technology giant based in Palo Alto. Amidst accusations of sexual harassment the CEO of the company put in his resignation and the management selected Cathie Lesjak as the interim CEO. Mark Hurd’s resignation has surprised many because he did not seem to be a person who was likely to get embroiled in such a scandal. It is a major blow to his career but a bigger blow is in store for the company itself. He helped HP to sustain and grow in a turbulent period in the industry and now he leaves it at a strong and better position.

The question many industry veterans are asking is what is in store for the technology giant. The shocking development did show its effect on the stocks of the company but that does not mean the usual business will be affected. Some people are wondering whether Cathie Lesjak chosen as the interim CEO of HP will be able to do justice to the responsibility thrust upon her. However, she is not going to hold the post for long. She is now trying to make the worried investors calm and assured that no major operational changes will take place.

The company has over 300000 employees overall. In a conference held right after the resignation of Mark Hurd, Cathie Lesjak stressed that his departure will not alter the ongoing activities and strategies of the company. She said that those at the top management positions know how to keep the show running amidst such odds.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business, Technology Industry News |