• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

Handicapping the HP CEO selection

By
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
By
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
September 23, 2010, 8:29 AM ET
Add Fortune on Google for similar content.

The clock is ticking for HP to name a new CEO, as the tech giant once known for its no-drama approach struggles to move on from the Hurd resignation saga.

On Friday, it will have been seven weeks since Hewlett-Packard shocked the technology and corporate world by announcing the embarrassing resignation of its superstar chief executive, Mark Hurd.  HP’s board members privately began telling people it wanted to beat the time it took to replace Carly Fiorina, now a Republican candidate for U.S. Senate in California, with Hurd, then an outsider from the smallish Ohio company NCR (NCR). That speedy and arguably successful result: a day shy of seven weeks.

Tick, tock, tick, tock, tick, tock ….

Reports earlier in the week said the board was closing in on a replacement and that an internal hire was favored.  If that’s so, PC chief Todd Bradley is the odds-on favorite, with other speculation centering on Ann Livermore, the HP (HPQ) veteran who runs the company’s giant enterprise division, and Dave Donatelli, a younger, ex-EMC executive who works for Livermore. (He appeared with Livermore this week at Oracle’s annual developer conference.)

People who don’t know HP have stopped speculating about Vyomesh Joshi, the printer boss, who is an unlikely pick. HP also has a former CEO in its midst, Tom Hogan, who headed a software company called Vignette, has an IBM (IBM) background and currently runs sales for HP.

While tossing around unlikely names, it’s worth noting HP’s strategy chief, the somewhat enigmatic Compaq veteran Shane Robison, as well as Bill Veghte, the newly arrived Microsoftian who had an accomplished career in the Borg’s Windows franchise and now heads HP’s nascent software business, a job Hogan previous held.

A total bombshell dark horse would be Michael Holston, HP’s ambitious general counsel, who has his fingers in many administrative pies at HP these days.

But wait, there’s more. The most active speculation about HP’s next CEO seems to center around its suddenly most visible board member, Marc Andreessen. Never mind that the browser pioneer and extremely busy venture capitalist — who, by the way, is out raising a new fund currently, an extremely awkward complication were he to suddenly leave his firm — has never run a large organization. He is a technologist and a visionary, qualities needed at HP’s helm.

A final, quasi-insider name that has started popping up is John Joyce, the former IBM chief financial investor and former Silver Lake private-equity investor who also is on HP’s board. As a finance guy, Joyce would be an unlikely pick. Joyce makes an appearance in James Bandler’s saga about former IBM executive Robert Moffat. It was Joyce who introduced Moffat to the woman who led to his downfall, and Joyce himself abruptly resigned from Silver Lake this year, as Bandler writes, “amid questions from Fortune about his friendship” with Danielle Chiesi

There is tremendous pressure on the board to name an insider — a preference it appears to be leaking to the press — after going outside for the last two CEOs. If it does, Bradley will be the most obvious choice. Like Hurd, he’s a numbers guy, and he’s a forceful operational executive who wants the job badly. Desire is  good for a task like this, which will be thankless — besides the tens of millions of dollars that will be thrown his way.

If the top spot goes to Bradley, I think the board will make Livermore its chairman. This would accomplish a few goals. It would put a woman in a top spot, something HP would like for a variety of reasons. Also, Livermore is a true HP insider, having joined the company in 1982.

Hurd hired Bradley. In HP terms, he’s a newbie. Elevating Livermore would give HP the opportunity to advance Donatelli to a massive job and make him Bradley’s heir apparent. It similarly could make printing chief Joshi, also a longtime HPer, the chairman, also making room for new blood in a senior role.

Another scenario could see Andreessen as non-executive chairman, putting a famous technologist in a prominent position overseeing a CEO with the general-management experience Andreessen lacks. On the assumption the CEO and chairman position will be split, Joyce also could be an outside chairman type.

Whatever happens, HP’s next move will begin a massive game of musical chairs. There’s no way Bradley will stick around if he’s passed over, meaning HP will need someone new for its market share-leading PC business no matter what. One out-of-work executive who could step in there is Tony Fadell, the ex-Apple (AAPL) executive credited with steering the launch of the iPod. He left a couple years ago after sparring with Steve Jobs and cut his last ties to Apple this year.

HP’s board has plenty on its plate.  It also faces a firm deadline. On Tuesday, the company will host financial analysts for a long-scheduled, afternoon-long update on the company. Will HP put forth its interim CEO, Cathie Lesjak, an unsatisfying experience for investors wanting to be assured of the firm’s direction? Will any directors step up and face the public, which only Andreessen has done, briefly,  so far? Will HP trot out an outsider I haven’t named and ask the various insiders who were passed over to share the stage with him or her?

Only one thing is certain: The drama at the one-time no-drama company continues.

About the Author
By Adam Lashinsky
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings
CryptoCryptocurrency
Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings
By Marco Quiroz-GutierrezJuly 7, 2026
5 hours ago
The Best Berberine Supplements (2026): Everything You Need to Know
HealthDietary Supplements
The Best Berberine Supplements (2026): Everything You Need to Know
By Christina SnyderJuly 7, 2026
5 hours ago
Presidents aren’t supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
PoliticsDonald Trump
Presidents aren’t supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
By Mia OsmonbekovJuly 7, 2026
5 hours ago
Meet the former Goldman Sachs exec who became the America’s Cup Partnership’s first CEO and is running the 175-year-old trophy like a startup
C-SuiteSports
Meet the former Goldman Sachs exec who became the America’s Cup Partnership’s first CEO and is running the 175-year-old trophy like a startup
By Catherina GioinoJuly 7, 2026
6 hours ago
Palantir CEO Alex Karp with his arms outstretched while making a point on stage.
NewslettersEye on AI
Palantir CEO Alex Karp is wrong about the threat Anthropic and OpenAI pose to most enterprises. That doesn’t mean he doesn’t have something to lose
By Jeremy KahnJuly 7, 2026
6 hours ago
Scott Wu, in front of a blue background, sits in a gray chair and speaks to a person out of frame.
AIProductivity
Cognition CEO says tech companies got ‘carried away’ with token leaderboards and should measure employees on output instead
By Sasha RogelbergJuly 7, 2026
7 hours ago

Most Popular

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
1 day ago
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
2 days ago
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Asia
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
By Nicholas GordonJuly 7, 2026
18 hours ago
Current price of oil as of July 6, 2026
Personal Finance
Current price of oil as of July 6, 2026
By Joseph HostetlerJuly 6, 2026
2 days ago
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
Politics
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
By Catherina GioinoJuly 6, 2026
1 day ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.