Just a few moments ago, HP announced that Chairman, Chief Executive Officer and President Mark Hurd has stepped down from his post, effective immediately. Current CFO Cathie Lesjak has been appointed the interim CEO. Lesjak has been with HP for 24 years, and has server as HP’s CFO and member of the company’s Executive Council since January 2007.
What’s interesting is that Hurd’s decision was made following an investigation by outside legal counsel and the General Counsel’s Office, overseen by the Board, of the facts and circumstances surrounding a claim of sexual harassment against Hurd and HP by a former contractor to HP. The investigation determined there was no violation of HP’s sexual harassment policy, but did find violations of HP’s Standards of Business Conduct, according to the press release.
Lesjak has taken herself out of consideration as the permanent CEO, but will serve as interim CEO until the selection process is complete for a new CEO. HP is looking from both inside and outside the company for a new CEO, as well. The selection of a new chairman will occur in conjunction with the CEO decision. HP does not expect to make any additional structural changes or executive leadership changes in the near future.
Update: According to Business Insider, HP is looking at Marc Andreesen as well as 3 other HP board members to pick the next-in-line for HP’s CEO position.