SECOND ACT

Meg Whitman Named HP CEO

MATTHEW STAVER / Landov

Meg Whitman speaks at the Global Business Travel Association (GBTA) 2011 convention in Denver, Colorado, U.S., on Tuesday, August 23, 2011.

Hewlett-Packard confirmed Thursday that, as rumored, Meg Whitman will be the company's next CEO. HP ousted CEO Leo Apotheker after just 11 months on the job. Apotheker, formerly the CEO of the European software company SAP, was widely seen as a strange choice for HP, which is primarily a hardware company. Whitman, who lost a high-profile gubernatorial bid in California last year, rose to national name-recognition as the CEO of eBay.