Meg Whitman steps down as HP Enterprise CEO

Meg Whitman steps down as HP Enterprise CEO

This announcement surprised even the Wall Street and the HPE share had o witness a fall of 6% in its worth.

"There hasn't been a change in sentiment", she said, adding "I think it is absolutely the right time for Antonio and a new generation of leaders to take the reins". That company split into two in 2015, with Whitman taking helm of HPE, which is focused on selling data-center hardware and other commercial tech gear to other big organizations.

Since joining, Whitman has played a significant part in the success of HPE, having executed a five-year turnaround strategy that has resulted in the company being in a more prosperous position within the current technology market.

Hewlett Packard Enterprise Company (HPE) traded up $0.03 during trading hours on Wednesday, reaching $14.12.

"Under her leadership, the company rebuilt its balance sheet, reignited innovation, strengthened operations and improved customer and partner satisfaction", HPE said.

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Whitman became CEO of the former Hewlett-Packard 2011.

Hewlett Packard Enterprise declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 18th that allows the company to repurchase $5.00 billion in shares. She ruled out working for any of the company's competitors like Cisco, IBM or Microsoft.

That division is HPE's largest business segment, including servers, storage products, networking and services. She supported Mitt Romney's presidential campaign and unsuccessfully ran for governor of California herself in 2010. She left the role this year, with speculation mounting that she was going for the position of CEO at Uber. This included, as Whitman detailed in an analysts' call, "several complex deals like HPE spinning off its software business to United Kingdom IT company Micro Focus, and spinning off and merging its IT services business with IT company Computer Sciences, thus creating a new company called DXC Technology".

HPE's prediction for the next fiscal year put diluted earnings per share at $1.15 - $1.25 on an adjusted basis. In only three of those cases was she replaced by another woman. "The next CEO of the company needs to be a deeper technologist, and that's exactly what Antonio is".

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