Meg Whitman to step down as CEO of Hewlett Packard Enterprise


During the same quarter in the prior year, the business earned $0.49 earnings per share. sell-side analysts forecast that Hewlett Packard Enterprise Company will post 1.38 EPS for the current fiscal year.

This announcement surprised even the Wall Street and the HPE share had o witness a fall of 6% in its worth.

In other Hewlett Packard Enterprise news, CEO Margaret C. Whitman sold 249,052 shares of the stock in a transaction that occurred on Thursday, September 14th. Whitman will retire in February to be replaced by HPE president Antonio Neri, the company announced.

Hewlett Packard Enterprise Company (HPE) traded up $0.03 during trading hours on Wednesday, reaching $14.12.

"I've become quite loyal to Hewlett-Packard and Hewlett-Packard Enterprise", she said.

"Today, Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets", Whitman said.

"I think Antonio is super capable of taking this company to the next level.", Whitman told CRN. She ruled out working for any of the company's competitors like Cisco, IBM or Microsoft.

"Let me be the first to speculate this outcome - Meg Whitman, Democratic nominee, presidential race 2020". She ran for governor of California in 2010.

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

Whitman will stay on the board of HPE.

She set about slashing jobs and dramatically resetting investors' expectations of how well the company could perform, at a time when customers were adopting cloud computing services that HP was ill equipped to provide.

HPE was formed in late 2015 as a result of the split of HP into two companies.

In an analyst call, Whitman said that HPE was in a much healthier position when she took over the company, and that it was time for a CEO with more of a technology background to takeover.

"The company has also sought to strengthen its remaining businesses with a handful of acquisitions, including the $1.1 billion purchase this year of Nimble Storage, a start-up and a leader in the fast-growing market for so-called flash storage", the NYT's Lohr points out. But as Bloomberg noted, HPE's decision to go in a different direction echoes the trajectory of other tech companies.

Hewlett Packard Enterprise Company is a provider of technology solutions.