Carly Fiorina

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Carleton "Carly" Sneed Fiorina (born Cara Carleton Sneed on September 6, 1954) is an American businesswoman. As vice-president at AT&T in 1996, she directed the strategy and orchestrated the initial public offering (IPO) of Lucent, the most successful IPO in U.S. history up to that point in time. In 1998, Fortune magazine listed her as #1 "most powerful woman in business." The next year, Fiorina switched to the technology company Hewlett-Packard (HP) and became its chief executive officer. In 2000, she also became HP’s chairman of the board. With the support of the Board of Directors, she led HP into a controversial merger with rival Compaq in 2002. During her tenure, the market value of HP dropped by over half and the company incurred heavy job losses. When Fiorina was asked by the Board of Directors to step down in 2005, the company stated that Fiorina had put in place “a plan that has given HP the capabilities to compete and win" and that HP "look[ed] forward to accelerating execution of the company's strategy".


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HP CEO Carly Fiorina Steps Down

In surprising news today HP's CEO and Chairman Carly Fiorina steps down effective immediately. Mrs. Fiorina is...
Read more Feb 9 2005, 9:16am EST
 

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