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HPs CEO Mark Hurd has resigned in the wake of a sexual harassment claim leveled by a former HP contractor. Hurd decided to step down after an internal investigation revealed violations of HP's Standards of Business Conduct, according to this report from sister site Datamation.
HP (NYSE: HPQ) said Hurd's decision came about following an investigation by its own lawyers and outside legal counsel into a sexual harassment claim made against Hurd and HP by a former HP contractor. Michael Holston, the company's general counsel, said that the investigation turned up a number of expense reports designed to conceal the relationship between Hurd and the contractor.
The company said the investigation uncovered no violation of HP's sexual harassment policy, but did find violations of HP's Standards of Business Conduct. Holston added that HP is not filing legal charges against Hurd.
As the investigation progressed, I 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 and which have guided me throughout my career," Hurd said in a statement.
HP described the contractor involved only as a woman who been paid to provide "various marketing-related programs" from late 2007 through late 2009. The company also said that her lawyers approached HP's board in late June with her claim of sexual harassment.
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