On Thursday, the interim CEO of Hewlett-Packard Co., Cathie Lesjak assured the investors and customers that the Company can prosper despite Mark Hurd's surprise ouster. Lesjak said that the Company will follow the strategies that Mark had implemented when he was the CEO of the firm.
She further said that the Company is doing well by sticking to Hurd's philosophies and that there is no intention to change those policies.
Mark Hurd had to resign from his post after the allegations that he had close personal relationship with the Company's contractor, Jodie Fisher, who is also a leading actress. Hurd also settled the matter on his own without apprising the board directors and also didn't attend the mediation meeting.
The board members of H-P found Hurd violating the Company's business rules and hastily asked for his resignation.
Hurd was regarded an esteemed employee of H-P and was quite known in Wall Street circle. He is considered the bellwhether in introducing a number of cost-savings policies, bringing modern technology in H-P, increasing the revenue, and maintaining a strict discipline during his 5-year term.
When Hurd resigned, the Company's shares went down to 12% and closed down 1.5 at $40.76 on Thursday and 0.8% at $40.44 during after-hours trading.
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