HP Announces Organizational Changes

HP announced organizational changes that will more closely align its corporate structure with the strategy it announced in March.

The organizational changes will increase transparency for these business functions relative to the company's strategic roadmap, sharpening the executive team's focus on customer-facing businesses, further enabling opportunities for synergies across business units, and positioning HP for the opportunities it sees in the market. The company also announced that one of its most successful executives is joining the HP board of directors, and it has appointed executive sponsors for two of its most important growth markets.

Ann Livermore has been elected to the HP board. Her election reflects the success of her career as one of the IT industry's most talented and respected executives. During her 29-year career with HP, Livermore has been instrumental in helping countless HP customers grow and transform their businesses. While she will step down from her day-to-day management of the HP Enterprise Business, Livermore will contribute valuable guidance to the organization as a member of the board. To effect a smooth transition, Livermore will continue to serve as interim lead for HP Enterprise Services and sponsor certain key accounts until a new services leader is named.

"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, HP board of directors. "On behalf of HP's 320,000-plus employees, I would like to congratulate Ann on her election and offer our heart-felt gratitude for her long service and dedication to this company."