MAKER OF EXPENSIVE PRINTER INK HP has announced some organisational changes as it continues along the path to revitalisation.
Some executives are leaving the firm, but their exits should be softened internally. According to a statement HP will achieve all sorts of things, such as increase strategic transparency, enable opportunities for synergies across business units, and position HP for the opportunities it sees in the market.
In plain language it means that HP's CIO, Randy Mott, is looking for new employment, and so is Pete Bocian, EVP and chief administrative officer. It's not all bad news though as Ann Livermore, a twenty-nine year veteran at HP, has won a place on the board. Livermore, who previously oversaw the HP enterprise business, will perhaps bring a little more of that flavour to board meetings.
"Ann's distinguished role as a leader of our largest business, deep relationships with our most important customers, institutional knowledge of the company and its employees, and insights on the technology industry will be tremendous assets to our board of directors," said Ray Lane, non-executive chairman of HP's board of directors.
Other changes will see HP CEO Leo Apotheker bring his decision makers closer to him, so from now on Dave Donatelli, EVP of enterprise servers, storage, networking and technology services, Jan Zadak, EVP of global sales and Bill Veghte, EVP of software, will sit very close to the ex-SAP man's ear.
"These businesses play a vital role in our continued growth and success, and as such, Dave, Bill and Jan will report directly to me and help drive the overall direction for HP," said Apotheker.
"In our ongoing effort to accelerate our progress in executing our strategy, we will continue to make the necessary changes that streamline our operations, drive focus and agility, and position us for success." µ
Tags: Hardware
I think that if you made the ink cartridges even smaller and charged us even more then it would be environmentally friendly. You win, the world wins, our future generations win. Ahhhh.
since 1997 Livermore has also a member of the UPS Board of Directors at the same time, she's employed HPQ/CPQ/DEC.
in 1999 Compaq signed a lucrative agreement with UPS to be the preferred carrier for HP service spares, in the US alone, this is some 40,000 pieces per day. the contract has been renewed twice with very little regard to competitive bids.
i'm not sure how this isn't considered a conflict or ethical when she is on the board of both companies and would appear to hold considerable sway over the operations of services and logistics arm of HP.
Did any one realize that Ann Livermore as made well over 100M in stock options in the last 18 months? maybe that's why she's getting a board seat? She has cashed in on plenty of HP stock in the last 3 years...even when the company was on hard times...check out the insider trades on yahoo finance under the HPQ symbol
Leo will F this up then will be gone in a year or so.