Meg Whitman Leaves Hewlett Packard Enterprise As CEO

PALO ALTO, CA -- Meg Whitman will leave her role as CEO for Hewlett Packard Enterprise, the company announced Tuesday. Whitman, who has led the company since 2011, will remain on HPE's board of directors.

“I’m incredibly proud of all we’ve accomplished since I joined HP in 2011. Today, Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets,” Whitman said in a statement. “Now is the right time for Antonio and a new generation of leaders to take the reins of HPE. I have tremendous confidence that they will continue to build a great company that will thrive well into the future.”

Since leading the company, Whitman "has executed against a five-year turnaround strategy that has repositioned the company to better compete and win in today’s environment." The company has also "rebuilt its balance sheet, reignited innovation, strengthened operations and improved customer and partner satisfaction," the press release said.

ALSO SEE: Hewlett-Packard Enterprise Announces It Is Leaving Palo Alto

Whitman will be replaced by Antonio Neri, who is currently president of the company.

“During the past six years, Meg has worked tirelessly to bring stability, strength and resiliency back to an iconic company,” said Pat Russo, chairman of HPE’s Board of Directors. “Antonio is an HPE veteran with a passion for the company’s customers, partners, employees and culture. He has worked at Meg’s side and is the right person to deliver on the vision the company has laid out.”

Neri joined HP in 1995 as a customer service engineer in the EMEA call center. He held various roles at HPE including leading the company's Enterprise Group.

“The world of technology is changing fast, and we’ve architected HPE to take advantage of where we see the markets heading,” Neri said. “HPE is in a tremendous position to win, and we remain focused on executing our strategy, driving our innovation agenda, and delivering the next wave of shareholder value.”

The change will become effective Feb. 1, 2018.

--In this photo taken Nov. 2, 2015, Hewlett Packard Enterprise President and CEO Meg Whitman is interviewed on the floor of the New York Stock Exchange in New York. (Photo by Richard Drew/Associated Press)