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: Sony's PlayStation 'gradually coming back'

not rated yet
add to favorites email to friend print save as pdf

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

Sony's PlayStation 'gradually coming back'

3 hours ago

Sony was still struggling Saturday to fully restore its online PlayStation system, three days after the Christmas day hack that also hit Microsoft's Xbox, reporting that services were "gradually coming back."

Uber broke Indian financial rules: central bank chief

3 hours ago

India's central bank chief lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hailing firm violated the country's financial regulations by using an overseas payment ...

Taxi app Uber defies ban in Spain

Dec 26, 2014

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

Dec 26, 2014

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

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.