Fiorina to take helm at Hewlett Packard
Carleton, "Carly", Fiorina, recently named the most powerful woman in American business by Fortune magazine, becomes one of only three women heading Fortune 500 companies by taking over from Lew Platt as president and chief executive of the $47bn-turnover company. The others are Jill Barad of the toymaker Mattel and Narion Sandler of Golden West Financial Corp.
Ms Fiorina, who was president of the fastest-growing division of Lucent Technologies, the telecommunications equipment firm spun out of AT&T in 1996, is the first HP chief executive appointed from outside in the company's 60-year history.
The choice of Ms Fiorina over five other candidates is the culmination of a search that began earlier this year when Mr Platt announced he was splitting the company into two and stepping down. He will remain as chairman until his retirement at the end of the year.
Ms Fiorina, a philosophy and history graduate who moved into business after dropping out of law school and a short spell as a teacher, will run the larger company selling computers and printers. A smaller firm, as yet unnamed, will concentrate on measuring equipment, and will be run by HP veteran Edward Barnholt.
The appointment was greeted enthusiastically by the market and by commentators. HP shares hit a record $117.5 and JP Morgan analyst Greg Geiling rated the decision "an absolutely phenomenal hire".
Emergency landing at Heathrow sparks further controversy over London airport capacity
Unrest may spread across Europe, warns Red Cross chief
French government seeks to ban extreme right-wing group
BNP and EDL accused of attempt to fuel racial hatred after Woolwich terror attack
You want to get an Eton scholarship? All you need to do is answer four (not so simple) questions
- 1 What, let gays get married? We must be bonkers
- 2 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 3 Rocky Horror star Tim Curry 'suffers major stroke'
- 4 Exclusive: How MI5 blackmails British Muslims
- 5 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.