Economy

HP CEO Mark Hurd Resigns After Sex-Harassment Accusation

mark Hurd

Hewlett-Packard CEO Mark Hurd resigned after being accused of sexual harassment. Danny Johnston/AP hide caption

itoggle caption Danny Johnston/AP

Updated at 6:16 pm ET Hewlett Packard issued a news release on CEO Mark Hurd's resignation following a sexual harassment charge against him.

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Hewlett-Packard CEO Mark Hurd has reportedly resigned after being accused of sexual-harassment.

Details are sketchy but the Associated Press reports the following:

Hewlett-Packard Co. says Hurd decided to leave after an investigation. It concluded the company's sexual harassment policy was not violated, but that its standards of business conduct were.

The technology company named Chief Financial Officer CathieLesjack as its interim CEO.

AP also reported that the conduct Hurd, 53, was accused of was directed towards him by a former contractor.

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The information came at the time companies typically release bad news, after the financial markets in New York had stopped trading for the day.

HP executive suite has been rocked by scandal before. Hurd succeeded Patty Dunn as CEO at the information- technology giant.

Dunn resigned after it emerged that she tried to learn the identity of a leaker of corporate information by hiring private investigators who gained access to the phone records of company board members and journalists by pretending to be them, the so-called "pretexting scandal."

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