HP’s Hurd resigns amid personal scandal
Mark Hurd, chief executive officer of Hewlett-Packard, quit on Friday amid a personal scandal involving his relationship with a former marketing consultant to the company.
HP moved quickly to reassure Wall Street about the giant computer maker’s health, raising its earnings forecast for the rest of this year and naming Cathie Lesjak, its chief financial officer, as interim CEO. However, the abrupt departure robs HP of a highly-regarded executive who is credited with pulling off a successful turnaround of the world’s biggest computer maker over the past five years.
By Richard Waters in San Francisco
Published: August 6 2010 21:52 | Last updated: August 6 2010 21:52