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Edition: U.S. Article Comments (0) Save Email Print Reprints HP names firm to spearhead CEO search Digg This Tweet This Share on LinkedIn Share on Facebook Related News Leadership fears shade HP, Dell earnings Wed, Aug 18 2010 RPT-UPDATE 1-New details on HP upheaval as CEO looks ahead Wed, Aug 18 2010 Analysis: HP's top job: prestige or poisoned chalice? Mon, Aug 16 2010 Timeline: How HP became the world's largest tech company Mon, Aug 16 2010 HP's top lawyer in the eye of the storm again Fri, Aug 13 2010 Related Topics Technology » iPad » A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels in this January 12, 2010 file photo. Credit: Reuters/Thierry Roge By Gabriel Madway SAN FRANCISCO | Thu Aug 19, 2010 1:47am EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co on Wednesday named executive search firm Spencer Stuart to lead the search for a new chief executive following the stunning ouster of Mark Hurd this month. The search will consider both internal and external candidates to helm the world's largest technology company by revenue. A number of names have already been floated by analysts as candidates for HP's top job, though the company said it will not comment on the process or potential successors. Analysts say possible candidates include HP's PC division chief Todd Bradley, EMC's Pat Gelsinger, IBM's Steve Mills, Microsoft's Stephen Elop and Motorola's Greg Brown. HP announced Hurd's resignation on August 6. The company said Hurd filed inaccurate expense reports related to a female marketing contractor, Jodie Fisher, who worked for Hurd's office from 2007 through 2009. Hurd, 53, has been credited with turning around HP after he took the CEO post in 2005, cutting costs and diversifying its revenue base. The company is scheduled to host an analyst meeting in late September, and some HP watchers believe the company may try to bring a new chief onboard by then, which would mean a very rapid search by industry standards. In 2005, Hurd was plucked from relative obscurity at NCR and given the top job at HP. That hunt was conducted extremely quickly, according to a source familiar with the matter. A typical search of that kind generally takes four months, this person said, but Hurd came on board seven weeks after HP parted ways with Carly Fiorina in February of 2005. The source said the shortlist in 2005 had five or six names. This person estimated HP would spend around $1 million on the search for Hurd's successor, based on the cost of similar searches. HP's board named director John Hammergren to chair the search committee. The committee also includes directors Marc Andreessen, Laurence Babbio Jr., and Joel Hyatt. Hammergren said in a statement that the group is aiming to conduct a "swift, thorough and confidential search process." Separately, HP named former Bloomberg News correspondent Connie Guglielmo to lead corporate communications. Shares of HP closed up 1.3 percent at $41.36 on the New York Stock Exchange. (Reporting by Gabriel Madway; Editing by Phil Berlowitz, Bernard Orr) Technology iPad Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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