"We are fortunate to have someone of Meg Whit man's caliber and experience step up to lead HP," said Ray Lane, executive chairman of the HP board, in a statement. "We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead."
Just a day after replacing Apotheker in HP's C-Suite, Whitman promised to make the company's stock attractive to investors again.
"I see a tremendous opportunity to restore the luster of this Silicon Valley icon," she said, during an interview with CNBC on Friday, citing the importance of fresh direction at the embattled company. "I think that the number one thing is leadership -- a focus on strategy, operational excellence and communication."
Whitman cited HP's fourth-quarter targets as her immediate priority, although the new CEO must also fix the company's communications and execution.
Investors, though, were underwhelmed by the new CEO. HP's stock ended the week down 2.11% at $22.32
