HP's CEO Fiorina Out After Four Years

Turbulent Ride at the Helm

Meg Whitman, former CEO of Hewlett-Packard (HP), has departed from the company after less than four years in the role.

Fiorina's tenure was marked by challenges, including a 2015 announcement of plans to split HP into two separate companies, which was later abandoned.

HP's stock price has also declined significantly during Fiorina's leadership, from $40.59 per share in 2015 to $21.73 per share as of her departure.

Financial Struggles and Strategy Shift

HP has faced financial difficulties under Fiorina's leadership. In 2015, the company reported a loss of $1.2 billion, largely due to writedowns related to its acquisition of Autonomy.

To address these challenges, Fiorina shifted HP's strategy towards software and services, acquiring companies like Aruba Networks and Nimble Storage.

However, these acquisitions have not yet yielded significant results, and HP's traditional hardware business continues to struggle.

Boardroom Turmoil

Fiorina's time at HP was also marked by boardroom turmoil. In 2013, she faced a shareholder revolt led by activist investor Carl Icahn, who called for her removal.

Icahn eventually reached an agreement with HP to join the board and support Fiorina, but tensions between the two remained.