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Credit: Reuters/Denis Balibouse SAN FRANCISCO | Thu Oct 20, 2011 7:34pm EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co's chief strategy and technology officer has retired, becoming the latest senior executive to leave the storied Silicon Valley giant struggling to restore its tarnished credibility. Shane Robison, 57, will step down on November 1, ending an 11-year term at the company, which is now pondering a sale or spinoff of its core personal computing division and trying to assure skeptical investors it can restructure to return to growth. HP appointed former California gubernatorial candidate Meg Whitman CEO just last month, after firing former leader Leo Apotheker for a series of missteps, including a poor run at convincing Wall Street he had not overpaid for British software firm Autonomy Plc. Robison, a pivotal figure in crafting long-term strategy for the largest U.S. technology company through mergers and acquisitions and research and development, will not be replaced, HP said in a statement. "Shane has been a powerful innovator for our business groups and other corporate divisions," Whitman said in the statement. But "in an effort to drive strategy, research and development closer to the company's businesses, it will not be replacing the role of chief strategy and technology officer," HP's statement read. Shares in the company have plunged 17 percent since August 18, when it announced the $12 billion acquisition of Autonomy and its decision to consider a spinoff of its PC business, the world's largest. HP later acknowledged that the decision to announce may have been premature, and may have alienated some partners. (Editing by Bob Burgdorfer) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (2) Jeepgirl wrote: Almost time to start buying HP stock, if they keep the computer business and bring back the touchpad with all of their phones. Oct 20, 2011 9:46pm EDT -- Report as abuse CommonSense1A wrote: What ever happen since the 70s -90s when HP was really good reputation. The latest generation broke it. Oct 21, 2011 2:24am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) 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