HP hires firm to lead CEO search to replace Hurd

19.08.2010
HP has signed on executive search firm Spencer Stuart to lead its bid to find a replacement for former chairman, president and CEO Mark Hurd, who resigned amid a sexual harassment scandal.

The Chicago-based will lead a committee that also includes Marc Andreessen, Lawrence Babbio Jr. and Joel Hyatt, HP said in a statement.

The committee will consider both internal and external candidates to "identify a CEO with the right leadership qualities to move HP into the next phase of growth," HP said.

The company said it will not comment further on the search until it's ready to name a new CEO.

HP asked Hurd to resign after sexual harassment allegations were made by a former marketing contractor, who later identified herself as actress Jodie Fisher.

An investigation by HP found that Hurd had a personal relationship with Fisher that he hid from the board of directors and that he had made payments to her for events that never took place. While the board did not find any violation of HP's sexual harassment policy, it did discover that Hurd was reimbursed by HP for the payments to Fisher through his expense reports.