MONTEREY, Calif.—The board of directors of Hewlett-Packard Co. is considering the removal of CEO Leo Apotheker in the wake of perceived missteps and a significant decline in the company's stock price, according to reports by the Wall Street Journal.
The Journal reported Thursday (Sept. 22) that HP's board met Wednesday to consider firing Apotheker, who was appointed HP's president and CEO on Sept. 30, 2010. Later Thursday, the Journal reported that HP's board is set to oust Apotheker and replace him with Meg Whitman, former CEO of EBay Inc. and a failed candidate for California governor last year. Last month, HP made the surprise announcement that it would explore the spinout or sale of its PC business and discontinue operations for webOS devices, specifically the TouchPad tablet and webOS phones.
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