After announcing her decision to resign as Hewlett Packard Enterprise's CEO on February 1, Meg Whitman sent an email to company employees about her departure.
This announcement surprised even the Wall Street and the HPE share had o witness a fall of 6% in its worth. While storage revenue was up by 5% due to contribution from the Nimble acquisition, Hewlett Packard cited sales execution challenges with its 3Par product line in U.S. On the upside, networking grew at a very healthy 21% year-over-year rate thanks to Aruba.
Shares of Hewlett Packard Enterprise (HPE) have moved sharply lower during trading on Wednesday, slumping by 7.6 percent. "A CEO with tech background can help HPE to improve its innovative edge", Kundozerov said.
Whitman, who formerly led eBay, may want to take some time to recoup after a dizzying half-dozen years.
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Whitman became CEO of the former Hewlett-Packard Co.in 2011.
A graduate of Harvard Business School, Whitman has been an executive for more than three decades at companies including Proctor & Gamble, Bain and Hasbro. So let me make this as clear as I can.
Whitman ran for governor of California as a Republican in 2010 - spending a reported $140 million of her own money in the campaign - but lost to Jerry Brown.
In related news, CEO Margaret C. Whitman sold 1,494,094 shares of the firm's stock in a transaction on Friday, September 22nd. "And when I said that, Antonio was exactly the kind of insider I had in mind". "HPE is in a tremendous position to win, and we remain focused on executing our strategy, driving our innovation agenda, and delivering the next wave of shareholder value". She ruled out working for any of the company's competitors like Cisco, IBM or Microsoft.
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Her resignation comes just two months after Whitman promised she was "not going anywhere".
"The world of technology is changing fast, and we've architected HPE to take advantage of where we see the markets heading", said Neri ahead of his new appointment.
HPE's prediction for the next fiscal year put diluted earnings per share at $1.15 - $1.25 on an adjusted basis. "The next CEO of the company needs to be a deeper technologist, and that's exactly what Antonio is".
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