Hewlett-Packard to Split into Two Companies – HP, Inc. and HP Enterprise; Board Changes Announced
Hewlett-Packard plans to break in two, separating its printing and personal systems businesses from its corporate hardware and services operations. The company will cut another 5,000 jobs in the process of carrying out the breakup.Meg Whitman, 57, is slated to be chairman of the PC and printer business, to be known as HP Inc., and CEO of the other company, to be called Hewlett-Packard Enterprise.
Whitman is a former part-time strategic advisor to Kleiner, Perkins, Caulfield & Byers; former President and CEO of eBay; and held executive-level positions at Hasbro, FTD, The Stride Rite Corporation, Walt Disney, and Bain. Whitman also serves as a director of Procter & Gamble.
Current lead independent director Patricia Russo, 62, will be chairman of Hewlett-Packard Enterprise. Russo is former CEO of Alcatel-Lucent. Prior to the merger of Alcatel and Lucent in 2006, she served as Chairman and CEO of Lucent Technologies and before that, as the company’s President and CEO. Russo is currently a director of Alcoa, General Motors, KKR Management LLC and Merck & Co.
Iron Mountain Appoints Former Roche Exec as New Board Member
Jennifer Allerton, 62, was appointed to the board of directors of Iron Mountain. Most recently, Allerton served as CIO at Roche from 2002 to 2012 with responsibility for IT strategy and operations for the Pharma division and all Group IT operations. Prior to Roche, she served as Technology Director at Barclaycard for three years. Currently, Allerton serves as an independent director on the boards of Oxford Instruments, a provider of high technology tools and systems and Aveva Group, an engineering design and information management solutions firm for plant, power and marine industries.
Date Range: September 11th - October 27th