Meg Whitman quits HPE after six years in charge

24 November, 2017, 01:40 | Author: Martin Tyler
  • Reuters  Carlos Barria

President Antonio Neri will take on the role of CEO as of February 1, 2018, and both Whitman and Neri will be on the board, the company announced Tuesday.

This announcement surprised even the Wall Street and the HPE share had o witness a fall of 6% in its worth. Questions are also being raised on if she plans to pursue a career in politics, considering she has, in the past, been a part of the presidential campaigns of Mitt Romney and Chris Christie.

"Whitman had hinted that she was looking to step back from the CEO position after narrowly missing out on the top job at Uber this summer". She will be succeeded on Feb 1 by president Antonio Neri. Maxim Group reissued a "hold" rating and issued a $14.00 target price (down from $18.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. "Now is the right time for Antonio and a new generation of leaders to take the reins of HPE".

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Whitman will exit a much different company than the one she joined in 2011. Whitman shot down the reports by tweeting: "I am fully committed to HPE and plan to remain the company's CEO". The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. So let me make this as clear as I can. She also ran for the post of California governor in 2010. "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".

Her resignation comes just two months after Whitman promised she was "not going anywhere".

The company, which spun off from HP in November 2015, saw its Q4 revenues jump by 5%.

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In an analyst call, Whitman said that HPE is "far more nimble, far more agile, and frankly a much better company that it was six years ago". Following the completion of the transaction, the chief executive officer now directly owns 1,016,622 shares in the company, valued at approximately $13,897,222.74. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/11/23/stoneridge-investment-partners-llc-invests-6-10-million-in-hewlett-packard-enterprise-company-hpe-2.html.

Hewlett Packard Enterprise Company is a provider of technology solutions.

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