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HP's Chief Strategy Exec Retiring

Chief strategy officer Shane Robison is stepping down, one of the first major casualties at the technology giant under new CEO Meg Whitman.

PALO ALTO, Calif. (AP) -- Hewlett-Packard Co.'s chief strategy officer, Shane Robison, is stepping down, one of the first major casualties at the technology giant under new CEO Meg Whitman.

The 57-year-old, who has been with HP for 11 years, will retire effective Nov. 1, the company said.

Robison also was chief technology officer and a member of the company's executive council. HP said he was instrumental in steering the company's multibillion-dollar research and development spending and has guided many of the company's largest acquisitions.

HP said his role will not continue. Whitman called Robison a "powerful innovator" who had a "passion for research and development," in a statement.