HP Chief Executives 5 Year Commitment Is Key For Recovery

2013-01-10 14:07:19

Published on 2013-01-10 14:07:19

HP chief executive Meg Whitman's five year commitment to remain at the company will be key to help its recovery in the market, according to one expert.

The business' chief strategy officer Mohamad Ali told CRN.com that he took his post and turned down a job at a $100 billion (£62 billion) company after being motivated by Ms Whitman's pledge.

"At the time, there was some concern that, depending how the [presidential] election goes, she might end up in the cabinet or in government.

"She was very clear to me when I spoke to her that she is in this for the long haul. She has now repeated publicly that she is in this for five years," Mr Ali told the news provider.

Earlier this month, HP announced that it is considering selling any of its businesses that do not meet their goals.

The ink firm admitted, however, that a potential sale could lead to drawbacks, with difficulty finding buyers and alternative exit strategies both seen as potential issues.

Posted by Barry Ashmore.

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