Meg Whitman Named Hewlett-Packard CEO

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The former eBay CEO and failed Calif. gubernatorial candidate's new post was announced Thursday.

Hewlett-Packard Co. announced Thursday what many had been speculating all week, Meg Whitman will take over as CEO, replacing Leo Apotheker, who was dismissed after just 11 month, reports the Associated Press

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Witman shot to prominence as the CEO of eBay, which she built from a startup to the large online presence it is today, and has worked as a part-time consultant at venture capitalist firm Kleiner Perkins since April 2011. 

In 2009, she announced her candidacy for California's governorship, and after spending $140 million of her own personal fortune on the race, was defeated by Jerry Brown Nov. 2, 2010. 

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She joined HP's board of directors in January. 

"We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead," HP's chairman Ray Lane said in a statement. "Meg is a technology visionary with a proven track record of execution. She is a strong communicator who is customer focused with deep leadership capabilities." 

But, many have balked at her lack of experience running such a large business. 

"She built up a one-trick pony, an online auction site, and she oversaw the growth of the company, but we are talking about a situation where someone needs to come in who has a technological background, an engineering and scientific background," Steve Diamond, an associate professor at Santa Clara University School of Law told the AP. "And that is way outside of her skill set."

Whitman's appointment was widely reported by both The Wall Street Journal and AllThingsD earlier in the week, but HP's board did not meet until Thursday to finalize Apotheker's removal.

He will also resign from HP's board. 

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