This morning, HP announced that Bob Wayman, the chief financial officer, had been appointed CEO on an interim basis after Carly Fiorina stepped down. It’s interesting to see how different news organizations are reporting this: Some say she stepped down, others say she was ousted or fired, others simply that she is leaving. What is clear though is that differences between Fiorina and the board definitely had a role to play in this. “While I regret the board and I have differences about how to execute HP’s strategy, I respect their decision,” said Fiorina in a statement.
Analysts seem to think that the departure is linked to operational and performance differences with HP’s board rather than disagreement about whether to split the company up or not.
A search for a permanent CEO is underway. And meanwhile, HP’s stock got a nice bounce!