H-P Split Moves Forward
Senior operational performance VP Chris Hsu will control HP Enterprise, which will sell hardware and consulting services to corporate clients.
Enrique Lores, senior VP for business personal systems, will help the PC and printer units form their own company to be called HP Inc.
Enterprise Group COO Jim Murrin will be in charge of Hewlett-Packard’s finance, tax, contracts and legal systems.
The separation involves more than 300,000 employees, offices across the globe and a network of partnerships forged since the company was founded in a California, garage in 1939.
Costs for the split have not been disclosed but H-P has forecast a redundancy cost of about US$600 million in 2015.
There are still few details available on how the split will affect Hewlett-Packard’s Australian operation.