NYSE:HPQTech
HP CEO Shakeup Puts Focus On Turnaround, Valuation And AI PC Push
HP (NYSE:HPQ) announced that CEO Enrique Lores has resigned to join another company.
The board appointed Bruce Broussard as Interim CEO, effective immediately.
HP's board has launched a search process to identify a permanent CEO successor.
HP shares most recently traded at $19.0, with the stock showing a 14.1% decline over the past month and a 38.0% decline over the past year. For a company of HP's size and visibility, a sudden leadership change on top of that kind of share price pressure...