Hewlett-Packard (ticker: HPQ, exchange: New York Stock Exchange (.N))
News Release -
HP Appoints New Senior Leaders Across Company, Including Enterprise Business
PALO ALTO, Calif., Apr 13, 2010 (BUSINESS WIRE) --HP (NYSE:HPQ) today announced a series of senior appointments across the organization.
HP has appointed Thomas E. Hogan as executive vice president of Sales, Marketing and Strategy for HP Enterprise Business, the company's $54 billion business group. In his previous role, Hogan led the Software & Solutions business unit at HP. During his four-year tenure, he drove a significant extension of HP's software portfolio, tripled revenues and expanded operating results.
"Tom's track record of results, growth and leadership will be critical to our commitment and opportunity for market leadership in the enterprise," said Ann Livermore, executive vice president, HP Enterprise Business. "The global consolidation of sales and marketing will be instrumental in leveraging the power of our enterprise portfolio and will position HP to better serve our valued clients."
HP also announced that Francesco Serafini will become executive vice president of Emerging Markets, reporting to the HP Executive Council. In this newly created role, Serafini will head strategy, planning, coordination and growth initiatives across all emerging market countries. Serafini was most recently senior vice president and managing director for HP Europe, the Middle East and Africa (EMEA).
Jan Zadak will replace Serafini as senior vice president and managing director for HP EMEA. Zadak most recently served as senior vice president of Sales for HP Enterprise Business in EMEA. There he was responsible for driving profitable growth across the company's entire portfolio and providing a best-in-class total customer experience.
HP also announced Richard T. Geraffo Jr. as senior vice president and managing director for the Americas. Geraffo comes to HP from VMware, where he most recently held the position of vice president and general manager, Americas. In this role, he led a number of field functions. A 20-year-plus veteran of the IT industry, Geraffo also has held leadership positions at BEA and IBM. Geraffo replaces Tom Iannotti, who was recently appointed to lead HP Enterprise Services.
HP further announced that Doraisamy Balu, senior vice president and managing director, HP Asia Pacific and Japan (APJ), will be retiring from the company effective June 30, 2010. Under his leadership, the region delivered strong growth and customer focus. Prior to this role, Balu was managing director of HP India, where he and his team drove key improvement programs and delivered outstanding growth and business performance for HP.
Piau Phang Foo will replace Balu as senior vice president and managing director for HP APJ. Foo's most recent role was managing director of HP China and vice president of HP Enterprise Business, China. Foo is a respected industry veteran with an impressive track record of delivering business results and building high-performance teams. Prior to this role, Foo held positions at Shenzhen Hasee Group, GM, Gateway and Dell.
Zadak, Geraffo and Foo will report to Hogan and be responsible for leading HP operations in their respective regions.
"These executive appointments mark an important next chapter in the evolution of the Enterprise Business," said Livermore. "Each of the leaders brings a deep domain expertise, tenure and insight to their respective regions, and most importantly, a passion for customer value and growth."
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2010 and HP's other filings with the Securities and Exchange Commission, including but not limited to HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.
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