PALO ALTO, Calif. — Hewlett-Packard Co. said chief executive Mark Hurd is stepping down following a sexual harassment probe that found other violations of company standards.
HP said Hurd decided to leave after the investigation into a sexual harassment claim made against him and the company by a former HP contractor. The probe concludes that the company’s sexual harassment policy was not violated, but that its standards of business conduct were.
Hurd said that during the investigation he “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.’’
Hurd and Robert Ryan, HP’s lead independent board member, stressed that Hurd’s departure had nothing to do with the company’s financial health.
The technology company named chief financial officer Cathie Lesjak to serve as interim chief executive. She has decided not to be considered for the position permanently, the company said.