Hewlett Packard Enterprise CEO Meg Whitman To Step Down In 2018

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Hewlett Packard Enterprise CEO Meg Whitman To Step Down In 2018

Two years ago, she oversaw the biggest corporate split (by revenue) in history, breaking HP and Hewlett-Packard Enterprise apart, staying on as CEO of HPE.

"[Neri] and I have been joined at the hip in deciding about those acquisitions", Whitman said. She also continues to be mentioned as a future political candidate, despite having been handily beaten in the 2010 California gubernatorial election by Jerry Brown. President Antonio Neri will take the helm on February 1, 2018, the company announced on Tuesday following its fourth quarter earnings report.

However, following Q4 results yesterday and the announcement Whitman was stepping down the company's share price dropped by 6%, according to Seeking Alpha.

"Antonio is an HPE veteran with a passion for the company's customers, partners, employees and culture". Networking revenue was up 21 percent, and technology services revenue was up two percent.

During Uber's search for a CEO it was thought Whitman was being considered for the position back in August when she stepped down from HP's board of directors.

Whitman said she has no intentions of joining politics. He thinks the company is now in a "tremendous position to win".

In one tweet she wrote: "We have a lot of work still to do at HPE and I am not going anywhere".

Marc Andreessen, the venture capitalist who serves on HPE's board with Whitman, told me at the time, "Uber would have been very lucky to get her, and I'm thrilled that they didn't".

But when I profiled Whitman for Fortune's Most Powerful Women issue in September, there were mounting signs that she was nearing the end of her tenure-not that she would admit it. He hasn't disclosed any plans he might have as would-be CEO, but that should come shortly.

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