Whitman remains at the helm of HP Enterprise. The two companies split in late 2015. HP is the maker of computers and printers, whereas HPE is the enterprise business. Whitman became CEO of HP in 2011, when it was one larger company.
HP shares are down almost 30 percent since the split. HPE shares are up about 20 percent.
“I will be forever grateful to Meg for her many contributions,” said Dion Weisler, HP’s CEO in a statement. “She is a terrific friend and advisor and will remain so as we continue executing on our strategy of reinvention. I very much look forward to working closely with Chip as our new Chairman as we shepherd HP into the future.”
Whitman rose to prominence at eBay, where she became the company’s CEO. She later unsuccessfully ran for California governor.