Tech Titan Meg Whitman will be stepping down from the post of CEO of Hewlett Packard Enterprise. Now, this decision comes at the juncture when only a few weeks back she pledged her long-term future to the business.
The company further reported that Whitman, 61, one of the highest-profile women in Silicon Valley and the U.S. business world, will be succeeded on Feb. 1 by Antonio Neri, 50, president of Hewlett Packard Enterprise, or HPE. However, she will continue her tenure as a board member of HPE.
This news came quite as a surprise in the tech industry, to which Whitman did not specify any reason for her departure, other than a statement which read, “now is the right time for Antonio and a new generation of leaders to take the reins of HPE”.
Previously, HPE has announced that revenue for the most recent quarter was up by almost 5 percent over the same quarter last year. Also recently, in September, as she was reported to be in the running to take over the ride-sharing service Uber, Whitman was telling the financial analysts that she was in it at HPE for the long haul.
So, she had added that “I’ve dedicated the last six years of my life to this company, and there is more work to do. And I’m here to make this company successful, and I’m excited about the new strategy. So lots more work to do, and I actually am not going anywhere.”
More on Whitman:
Whitman joined Hewlett-Packard’s board of directors in 2011 and within months, she had been appointed as the chief executive.
In 2015, she oversaw the breakup of HP into two companies: Hewlett-Packard, running HP’s legacy hardware operations, and HPE, focusing on the longer-term software and data sectors. Whitman stayed on as chief executive of HPE, with Neri joining her. Since then, shares of HPE have risen by nearly 50 percent.