H-P/Hurd story updated with comments from H-P's board and interim CEO Cathie Lesjak.PALO ALTO, Calif. ( TheStreet) -- Hewlett-Packard ( HPQ) CEO Mark Hurd has resigned in a shock move, following an investigation into an accusation of sexual harassment. In a statement, H-P explained that Hurd's decision was made following an investigation by outside legal counsel and the General Counsel's Office, overseen by the Board. This was related to a claim of sexual harassment against Hurd and H-P by a former contractor to H-P, it said. "The investigation determined there was no violation of H-P's sexual harassment policy, but did find violations of H-P's standards of business conduct," explained H-P.
|H-P CEO, Mark Hurd|
|Cathie Lesjak, H-P's interim CEO.|