Whitman steps down as HP Enterprise CEO
Shares fall over 6%; move comes as customers switch operations from servers to cloud
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MEG Whitman on Tuesday announced that she will step down as chief executive of Hewlett Packard Enterprise Co (HPE), ending a six-year tenure that included overseeing one of the biggest corporate break-ups in history.
Shares of HPE fell more than 6 per cent in after-hours trading. Known for its computer servers, HPE is still adjusting to a new landscape in which corporate customers are placing more of their digital operations in the cloud and moving away from purchasing their own equipment.
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