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Hewlett Packard boss resigns after sexual harassment inquiry


Mark Hurd, nurse the chair and chief executive of Hewlett-Packard, case the world's largest computer manufacturer, sick has agreed to step down with immediate effect following a sexual harassment investigation, the Telegraph reports. 

The HP probe was sparked following allegations from a former contractor, with whom Mr Hurd admitted he had a "close personal relationship". The company also said that Mr Hurd submitted false expense reports in an effort to conceal the relationship.

Michael Holston, HP's general counsel, admitted that Mr Hurd had "demonstrated a profound lack of judgment", but the investigation, conducted by external lawyers and Mr Holston, found that he had not breached the company's sexual harassment policy.

Mr Hurd said: "As the investigation progressed, I realised 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."

He is to be replaced as chief executive on an interim basis by Cathie Lesjak, HP's chief financial officer. A board committee, which includes Marc Andreessen, the founder of Netscape, and Larry Babbio, former president of Verizon, has been set up to find a permanent replacement, after Ms Lesjak ruled herself out.

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