ImagingAndPrintingGroup
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HP's imaging / printing group combines with PC group, Printing and Personal Systems Group emerges
Rumor had it, and rumor was right. This morning, HP officially announced an organizational realignment that's set to "improve performance and drive profitable growth across the entire HP portfolio." Corporate speak, sure, but what's happening is that the Imaging and Printing Group (IPG) and Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group. The newly merged entity will be headed up by one Todd Bradley, who has served as the executive VP of PSG since '05. Vyomesh Joshi, executive VP of IPG, seems to be getting the better end of the deal, cashing in his "retirement" card after 31 years at the company. In related news, HP's Global Accounts Sales organization will join the newly named HP Enterprise Group, and it will "unify its Marketing functions across business units under Marty Homlish, executive vice president and chief marketing officer." Lastly, the company is sliding its Global Real Estate function from Finance into Global Technology and Business Processes, which is bound to befuddle precisely no one. For the full chair rearrangement, head on past the break.
AllThingsD: HP to fold Imaging and Printing division into Personal Systems Group
HP might have at one point considered ridding itself of its high revenue but low earnings computing division, but AllThingsD has it on good authority that its profitable printing group will now be folded into it. Under the guise of consolidation, the union of both should streamline operations, as both currently expend sizable efforts targeting the same business and home consumers alike. It'll also mean the current Imaging and Printing Group head-honcho, Vyomesh Joshi, is on the outs with the absorbed unit reporting to existing Personal Systems Group head, Todd Bradley. Enough about the kerfuffle, ultimately the shakeup means we're one step closer to owning the webOS printer of our dreams, right?
