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Sunday, September 25, 2011

Fired HP CEO's letter to employees


Until the news of his sacking broke, Leo Apotheker, who was fired by Hewlett-Packard's board, was unaware that his credibility as a CEO was under scanner. Apotheker, who was ousted barely 11 months after joining the company, is being replaced by HP director and former eBay Inc CEO Meg Whitman. 

HP, which has hastily removed two CEOs in the past two years, is left in the lurch to cope up with dented investor confidence and its future strategies. 

In a letter addressed to all HP employees, Apotheker expressed his confidence in HP's future and Whitman's strategic vision. Here's the text of the letter as published on the site The Next Web. 
TO/ All HP Employees 
FROM/ Leo Apotheker 

Dear HP Employees: 

This afternoon, HP issued a press release announcing my resignation as president and CEO, positions I have held with great honor this past year. Meg Whitman will assume the role of president and CEO. 

As you know, Meg is a technology visionary with a proven track record of execution and has served HP well as a member of the board for the past eight months. Meg will be supported by a broad and deep management team, and I have the utmost confidence that HP will succeed in executing its strategic evolution. 

On a personal level, I cannot begin to express the admiration I have for all of you - and what you have accomplished together. Over the past year, we were tasked with developing a strategic vision for HP and I know we have made important contributions to the company's future. 

Your efforts on behalf of HP and your dedication to our customers have inspired me - and I am confident that HP has a bright future because of the talented people that come to work here every day. Thank you for your commitment to HP and for your dedication in serving HP's customers and partners. It has been a tremendous honor and a pleasure to work with you here at HP. 

Sincerely, 
Leo Apotheker  

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