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Monday, 06 October 2014 09:07

Breaking News: Hewlett-Packard to Split into Two Companies Featured

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Hewlett-Packard to Split into Two Companies – HP, Inc. and HP Enterprise

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.

Dion Weisler, 47, EVP of HP’s Printing and Personal Systems organization, is to be CEO of HP Inc. Before his current role, Weisler served as SVP and MD, Printing and Personal Systems, Asia Pacific and Japan. Prior to joining HP, he was the VP and COO of Lenovo's Product and Mobile Internet Digital Home Groups; and was GM of Lenovo Korea, ASEAN and ANZ; GM at Telstra Corporation, Australia's leading telecommunications company; and MD of Acer UK.

CFO Cathie Lesjak will remain with the enterprise company.

Date: October 6, 2014

Read 2277 times Last modified on Monday, 06 July 2020 14:37
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults,, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

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