HP Enterprise chief Meg Whitman to step down

Meg Whitman Stepping Down as HP Enterprise CEO

"During Whitman's tenure, HPE also unloaded its Indian IT outsourcing unit Mphasis to the Blackstone Group", Vanian writes.

"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".

When she took over, "Hewlett-Packard "was an enormous conglomerate, ' Whitman said, that confused customers because it sold too many disparate products", Fortune " s Jonathan Vanian reports.

HPE executes against a three-tiered strategy: hybrid IT with a focus on data center, software-defined infrastructure, systems software and private cloud; edge computing for campus and branch networking and the industrial IoT; and advisory, professional and operational services.

The combination of sliding earnings and Whitman's surprise announcement sent HPE shares tumbling nearly eight percent in early trading today. Whitman, who joined HP in 2011, will be replaced by the company's current president, Antonio Neri.

"I think Antonio is super capable of taking this company to the next level.", Whitman told CRN.

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Hewlett Packard Enterprise Company (HPE - Free Report) just released its fourth-quarter financial results, posting adjusted earnings of $0.29 per share and revenues of $7.8 billion. She left the role this year, with speculation mounting that she was going for the position of CEO at Uber.

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

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

During HPE's quarterly earnings conference call on Tuesday, Wall Street analysts asked Whitman why she was leaving now after she had so recently said she was staying put. And she ruled out working for a competitor. I am fully committed to HPE and plan to remain the company's CEO. The company had Year Ago Sales of 12.48 Billion.

Bloomberg Technology's Gerrit De Vynck and Natalie Wong observe that "since 2009, 19 female CEOs of Standard & Poor's 500 companies have stepped down".

Palestinians freeze ties with US
President Mahmoud Abbas ordered all contacts with Washington on hold until Palestinian demands are met, sources within the PA government told RT.

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