A Look at HP's Interim CEO: Cathie Lesjak

With Mark Hurd stepping down, HP CFO Cathie Lesjack will take the reins, at least temporarily, as the company searches for a replacement.
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NEW YORK (

TheStreet

) -- The sudden and shocking departure of

Hewlett-Packard

(HPQ) - Get Report

CEO Mark Hurd leaves CFO Cathie Lesjak with the reins of the Silicon Valley icon, at least for the time being.

Cathie Lesjak

Lesjak has been with Hewlett-Packard for over two decades, serving in various roles including senior vice president and treasurer. She also managed financial operations for Enterprise Marketing and Solutions and the Software Global Business Unit. Before that, she was group controller for HP's Software Solutions Organization covering five divisions with a $400 million research and development budget. Lesjak served as controller and credit manager for the Commercial Customer Organization and also managed HP's global channel credit risk.

She took over the role as chief financial officer on Jan. 1, 2007.

In 2009, Lesjak earned a total compensation package of $7.6 million, which included a base salary of $589,063, bonus equaling $340,938 and other compensation of $571,605. This was a nearly 4% pay hike from her total compensation of $5.5 million in 2008.

Lesjak has a bachelor's degree in biology from Stanford University and a master of business degree in finance from the University of California, Berkeley.

Lesjak made

Fortune

magazine's 50 Most Powerful Women in 2009.

-Reported by Jeanine Poggi in New York.

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