HP has announced that they will be splitting their business into two companies, one company will focus on Enterprise and it will be called Hewlett Packard Enterprise, this will be led by Meg Whitman who will be the CEO of HP Enterprise.
The other business will focus on PCs and printers, this will be called HP Inc and Dion Weisler will be the CEO of HP Inc, Meg Whitman will be the chairman of the HP Inc board.
“Our work during the past three years has significantly strengthened our core businesses to the point where we can more aggressively go after the opportunities created by a rapidly changing market,” said Meg Whitman, Chairman, President and Chief Executive Officer of HP. “The decision to separate into two market-leading companies underscores our commitment to the turnaround plan. It will provide each new company with the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics, while generating long-term value for shareholders. In short, by transitioning now from one HP to two new companies, created out of our successful turnaround efforts, we will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders.”
You can find out more information about the two new Hewlett Packard companies at the link below.
Source YahooFiled Under: Technology News