Skip to main content

PALO ALTO, Calif. (


) --


(HPQ) - Get Free Report

looks set to appoint former


(EBAY) - Get Free Report

chief Meg Whitman as its CEO, according to


, which says that an announcement could come after market close.

Citing multiple sources close to the situation,


reports that Whitman, recently ousted from eBay, is poised to become HP's next CEO. HP declined to comment when contacted by


, although


reports that Whitman's appointment is "nearly a done deal."

Meg Whitman


that HP's board plans to oust incumbent CEO Leo Apotheker have swirled for the last couple of days, following a turbulent few months at the under-pressure tech giant. Barely a year into the job, Apotheker's attempts to

revamp HP

, including a possible selloff of its vast PC business, have proved unpopular with investors, and

big questions

are being asked about his strategic vision.

One of the best-known faces in Silicon Valley, there had been speculation that Whitman would take an interim CEO's role at HP, although sources told


that she will be taking over on a long-term basis.

Chatter about Whitman's possible appointment, however, sent the company's shares down on Thursday. After surging on talk of Apotheker's departure on Wednesday, HP's stock was down 4.17% on Thursday.

--Written by James Rogers in New York

>To follow the writer on Twitter, go to


>To submit a news tip, send an email to: