HP shuffles top executives in shake-up

Jun 14, 2011

(AP) -- Hewlett-Packard Co. is streamlining its executive ranks to improve its focus on customers rather than administration and put more operations directly under CEO Leo Apotheker's control.

The world's largest maker of personal computers said Monday that it is eliminating its chief administrative officer position, meaning that Pete Bocian is leaving HP immediately.

Randy Mott, , is also leaving the company immediately, although he will be replaced in that position.

Additionally, it said two executive vice presidents in charge of businesses critical to customers would report directly to Apotheker.

They are Dave Donatelli, executive vice president of enterprise servers, storage, networking and technology services; and Bill Veghte, executive vice president of software.

Jan Zadak, executive vice president of will also report to Apotheker, who became CEO in November.

Ann Livermore, who had been managing the HP Enterprise business, will step down from that day-to-day role. She was elected to the company's board.

Last month, a leaked memo from Apotheker warned of "another tough quarter," underscoring concerns about the technology heavyweight's growth strategy and the challenges facing its new leader after then-CEO Mark Hurd quit in August over inaccurate expense reports related to his relationship with a contract worker.

HP shares closed down 48 cents, or 1.4 percent, at $34.65 on Monday.

Explore further: Winners and losers of the demise of the big Comcast deal

0 shares

Related Stories

Apotheker a no-show in Oracle-SAP trial

Nov 19, 2010

(AP) -- An industrial espionage trial between Oracle Corp. and SAP AG, two of the world's biggest business software makers, didn't feature after all the testimony of one of its most anticipated witnesses.

Leaked memo shows Hewlett-Packard CEO jitters

May 17, 2011

(AP) -- A leaked memo from Hewlett-Packard Co. CEO Leo Apotheker warning of "another tough quarter" underscores the urgent concerns about the technology heavyweight's growth strategy and the challenges facing its new leader.

HP looks to the 'cloud'

Mar 14, 2011

Hewlett-Packard plans to offer a complete range of cloud computing services, HP chief executive Leo Apotheker said Monday as he outlined his strategy for the US computer giant.

HP cuts outlook on services revamp, slow PC sales

May 17, 2011

(AP) -- Hewlett-Packard Co. is bracing for weaker financial results this year as it overhauls its services business to undo what its CEO described as years of neglect under his predecessor.

Recommended for you

How smart are the mobile shoppers who use smartphones?

18 hours ago

In the age of the smart phone, how smart are the mobile shoppers who use these almost ubiquitous devices? A study from South Korea published in the International Journal of Mobile Communications hopes to answer that questi ...

India's Infosys gives muted earnings, stock falls

19 hours ago

Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.

Apple wins patent appeal in China

23 hours ago

Apple has won an appeal in China over patent rights to voice recognition software such as the iPhone's "Siri", with a court overruling an earlier decision that had gone against the US technology giant.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.