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HP Board Ousts Fiorina

After six very high-profile years, Carly Fiorina is out at Hewlett-Packard.

Fiorina stepped down as chairman and CEO, effective immediately, the company said Wednesday morning. CFO Robert Wayman was named interim CEO and director Patricia Dunn was tapped as non-executive chairman.

In a statement, the board said it will begin a search for a full-time CEO immediately.

"While I regret the board and I have differences about how to execute HP's strategy, I respect their decision," Fiorina said in the same statement. "HP is a great company, and I wish all the people of HP much success in the future."

Fiorina, who engineered HP's controversial and contentious merger with Compaq Computer, was an extremely high-profile executive who's been under fire for the past year.

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