Hp ceo hurd quits after harassment investigation…

Apr-22nd-2011

Former HP CEO Mark Hurd

Tech heavyweight Hewlett-Packard is shopping in opposition to a new CEO after Mark Hurd, widely credited with both its turnaround and its massive push into IT services, resigned unexpectedly today following the results of a ual harassment sifting.

While HP is remaining mum on the exact details of the harassment claims, the contractor involved, or the stipulations of its parting ways with Hurd, it isnt staying peaceable about the fact that it sees little changing for the worse lock opener to ensuring that customers, shareholders and partners arent spooked means of Hurds sudden departure from HP.

Instead, HP seized the gravity to release impressive third-quarter preliminary earnings figures and gave a red outlook for the rest of the year.

Datamation has the novel.

In a stunning announcement, HP today said Mark Hurd, its chair, CEO and president, has resigned in the wake of a ual harassment research.

HP NYSE HPQ said Hurds decision came about following every investigation by its own lawyers and outside legal counsel into a ual harassment claim made adverse to Hurd and HP by a former HP contractor. Michael Holston, the circles general counsel, said that the investigation turned up a call over of expense reports designed to conceal the relationship between Hurd and the contractor.

Read the replete story at Datamation:

HP CEO Hurd Resigns on Harassment Claims