HP’s successor to take up huge challenges

HP’s successor to take up huge challenges

After the sudden exit of Mark Hurd, CEO, HP, for the charged allegations of a personal relationship with a contractor, now it has left the company in distress.

As the company is in search for its successor to undertake business worth $20 billion in acquisitions and take charge of company’s future growth plans. This is a despair situation for the company as the new honcho will have to spearhead a half finished expansion plan led by the former CEO.

The expansion plans of the company spans across diverse fields varying from smartphones to networking gear.

It is reported that HP will look for suitable candidates to the likes of companies such as Apple, Oracle and Microsoft. As industry analysts expect Apple Marketing vice president Phil Schiller and Ray Lane, former Chief operating officer, Oracle are considered to be one of the most top rated contenders for the top post at HP.

As of now, HP’s Chief Financial officer, Cathie Lesjak will step up as an interim CEO of the company.

Hurd took charge of the company in 2005 and used acquisition route to grow the business of the company. He striked his biggest deal in 2008 with the acquisition of Electronic Data Systems for $13.2 billion to the latest deal of takeover of Palm in the smartphone market.