Former CEO Carly Fiorina enters White House race: 'I understand the world'
Potential Republican presidential candidate former Hewlett-Packard CEO Carly Fiorina speaks at the Iowa Faith and Freedom Coalition's forum in Waukee, Iowa, April 25, 2015. REUTERS/Jim Young

Former Hewlett-Packard Co Chief Executive Carly Fiorina announced on Monday she is running for president, becoming the only woman in the pack of Republican candidates for the White House in 2016.


Once one of the most powerful women in the American corporate world, Fiorina announced her bid on ABC News' "Good Morning America" show.

"Yes, I am running for president. I think I'm the best person for the job because I understand how the economy actually works. I understand the world, who's in it, how the world works," she said.

Fiorina registers near the bottom of polls of the dozen or so Republican hopefuls and has never held public office.

But she has already attracted warm receptions at events in the early voting state of Iowa where she is positioning herself as a conservative, pro-business Republican highly critical of Democratic candidate Hillary Clinton.

Fiorina was forced by HP to resign in 2005 as the tech company struggled to digest Compaq after a $19 billion merger.