HP's Hurd resigns on harassment charges

August 9, 2010 – HP chairman, CEO and president Mark Hurd resigned Friday in the wake of sexual harassment charges by a former HP contractor, according to an article posted on InfoStor sister site Datamation.

HP CFO Cathie Lesjak will take over as HP's interim CEO.

HP officials said the investigation uncovered "no violation of HP's sexual harassment policy, but did find violations of HP's Standards of Business Conduct."

Hurd stated: "As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have espoused at HP and which have guided me throughout my career."

HP officials described the contractor involved only as a woman who had been paid to provide "various marketing-related programs" from late 2007 through late 2009.

In a call immediately after Hurd's departure, HP officials announced preliminary third-quarter financial results, reporting revenue of $30.7 billion – an increase of 11% from a year earlier. Earnings per share rose to approximately $0.75.

Read the full story at Datamation: "HP CEO Hurd Resigns on Harassment Claims."

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This article was originally published on August 09, 2010