Hewlett-Packard CEO Meg Whitman Will Leave Company in February

Gladys Abbott
November 24, 2017

After separating from HP Inc, the PC unit, in 2015, Ms Whitman spun off and merged HPE's enterprise services and software business, and made acquisitions including Aruba Networks, Silicon Graphics International, SimpliVity and Nimble Storage. If you are reading this piece on another website, it was stolen and reposted in violation of USA & worldwide copyright & trademark legislation.

"Meg has worked tirelessly to bring stability, strength and resiliency back to an iconic company", HPE chairman Patricia Russo said in the statement, adding that Mr Neri "is the right person to deliver on the vision the company has laid out". She had then refuted these claims saying that she meant to stay with Hewlett Packard Enterprise Co. Its mainstay server business has been struggling as customers increasingly buy non-branded, assembled servers that are much cheaper. As Hewlett Packard Enterprise exits its low-margin, high-volume Microsoft contract, the firm expects a negative impact on the top line to linger well into fiscal 2019 and possibly early 2020.

Since joining, Whitman has played a significant part in the success of HPE, having executed a five-year turnaround strategy that has resulted in the company being in a more prosperous position within the current technology market. Whitman shot down the reports by tweeting: "I am fully committed to HPE and plan to remain the company's CEO".

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.

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Whitman ran for Governor of California but was beaten by Jerry Brown.

Whitman, who formerly led eBay, may want to take some time to recoup after a dizzying half-dozen years.

"We have a lot of work still to do at HPE and I am not going anywhere".

"Let me be the first to speculate this outcome - Meg Whitman, Democratic nominee, presidential race 2020". 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. The shares were sold at an average price of $13.43, for a total value of $1,172,761.32.

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