HP has been searching for a permanent chief executive for about six months.
Former CEO Enrique Lores retired in February, and HP appointed board member Bruce Broussard as interim CEO. The board formed a search committee and retained an executive search firm, but a permanent replacement is yet to be named.
Research suggests that filling a Fortune 500 CEO position often takes six to nine months. That does not necessarily mean HP’s search has been going badly or is excessively overdue. CEO searches at large public companies can take time, especially when boards consider candidates from several industries.
Still, the delay raises an awkward question: Is HP having trouble finding the right person, or persuading that person to take the job?
HP has said little publicly about the process.
