HP Shakes Up Management RanksBy Jessica Davis | Posted 2011-06-14 Email Print
The management changes include Ann Livermore being relieved of day-to-day duties when a replacement is found and being elevated to the board of directors. The CIO and chief administration officer will also depart while three other executives will now report directly to CEO Leo Apotheker.
HP (NYSE:HPQ) is shaking up its executive ranks again just a month after a disappointing quarter report when CEO Leo Apotheker promised a greater focus on services and appointed HP veteran Ann Livermore to head up that effort in the interim.
Now HP will send Livermore to its board of directors and relieve her of her other duties once a replacement is found. Other departures include HP’s Chief Administrative Officer Pete Bocian and CIO Randy Mott who will both leave HP effective immediately.
Three executives – leaders of HP’s customer-facing businesses -- will now report directly to CEO Apotheker. They are Dave Donatelli, executive vice president, Enterprise Servers, Storage, Networking and Technology Services; Bill Veghte, executive vice president, Software; and Jan Zadak, executive vice president, Global Sales.
"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 a statement. "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."
To better serve China and India markets, HP will put two key executives in charge. Todd Bradley, executive vice president, Personal Systems Group, will lead cross-business initiatives focused on expanding HP’s market share in China, and Vyomesh Joshi, executive vice president, Imaging and Printing Group, will lead similar efforts in India.
Bradley, Donatelli, Livermore and Joshi had all been considered internal candidates for the CEO job after Mark Hurd’s sudden departure in summer 2010.