HP CEO resigns over sexual harassment charges
While resigning, the HP CEO said that it was a painful decision for him as he had spent five important years in HP. He also said that it would be even more difficult for him to continue as the leader at HP in the wake of the allegations.
IN WHAT could be termed as a major blow for hardware giant Hewlett Packard (HP), the CEO of company Mark Hurd has resigned over sexual harassment charges. The charges which surfaced on Friday, drove Hurd to put in his papers.
The company also said that even though Hurd did not violate HP's sexual harassment policy but it did find violations of HP's Standards of Business Conduct. The statement that was issued by the company said the allegations were made by a female contractor outside the company. Hurd has played a key role in the revitalisation of the company since the graphs were going down in 2005. While stepping aside, the former CEO said that as and when the investigations progressed he realised that there were certain instances wherein he failed to live up to the standards and principles of trust, respect and integrity that he should have espoused at HP and which have guided him throughout his career. A replacement for the former CEO is being looked for. In the meantime, Chief financial officer Cathie Lesjak, 51, will take over as interim chief executive.
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