Hewlett Packard Enterprise (NYSE: HPE) Chief Executive Meg Whitman will step down early next year.
President Antonio Neri will take on the role of CEO as of Feb. 1, 2018, and both Whitman and Neri will be on the board, the company announced Tuesday.
Whitman will exit a much different company than the one she joined in 2011. Whitman restructured Hewlett-Packard into two brands, spinning off other businesses and streamlining HPE to keep up with cloud-savvy competitors.
Whitman's departure comes after she was considered for, but ultimately didn't take, a job as the CEO of ride-hailing giant Uber.
HPE was formed in late 2015 as a result of the split of HP into two companies. At that time, Whitman went from CEO of the larger legacy company to CEO of HPE, while Dion Weisler went from executive vice president of the old HP's printing and personal systems group to CEO of HP Inc.
Whitman made her name in business as the CEO of eBay, which became an e-commerce giant under her leadership. Whitman, an Uber investor, helped Uber amid a shaky executive transition earlier this year, and briefly flirted with a slot as CEO.
On a conference call with analysts, Whitman said she's taking a little down time, and there's "no chance" she will join a competitor to HPE or HP.
Neri has been with the company since 1995, working his way up to the company's top ranks.
Shares HPE fainted $1.27, or 9%, to $12.85.
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