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HP's chief strategy officer to retire next month, won't have a successor
Remember Shane Robison, the HP exec who advocated for the survival of webOS following the company's decision to dismantle its hardware unit? Yeah well, he's about to make an exit. HP confirmed yesterday that Robison will retire from his position as executive VP and chief strategy and technology officer on November 1st, after spending eleven years at the company. In a statement, HP praised Robison for spearheading much of its R&D and several high-profile mergers during his tenure there. "In his role, he was responsible for shaping HP's corporate strategy and technology agenda," the company said. "He was instrumental in steering the company's multibillion-dollar research and development investment and has led many of the company's largest merger and acquisition activities." Newly minted CEO Meg Whitman, meanwhile, described Robison as a powerful innovator and lauded his role in guaranteeing "that innovation continues at HP." Perhaps the bigger story, however, is the fact that the firm doesn't plan on filling Robison's shoes. In the announcement, HP confirmed that his position will be dissolved as part of "an effort to drive strategy, research and development closer to the company's businesses." The implications, of course, remain to be seen. Full PR after the break.
HP pays $10.4 billion for controlling interest in Autonomy, which will remain autonomous
VoodooPC. 3Com. And, perhaps most notoriously, Palm. The list of HP acquisitions grows by one today, with the purchase of UK information-software maker Autonomy, long a target of former HP chief Léo Apotheker. Apotheker, you may recall, was just ousted in favor of former eBay CEO Meg Whitman. The deal began during Apotheker's tenure and went through with HP paying just about $10.4 billion for a controlling percentage of Autonomy stock. The UK firm will remain a separate unit, with Whitman saying, "Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making." Something tells us she's not the only one hoping for some better decision making. For full details on HP's latest buy, check the source link.
HP names Meg Whitman new President and CEO, gives Leo Apotheker the boot
Well, after less than a year on the job as HP's top dog Leo Apotheker is out, and former eBay CEO and one time candidate for California governor Meg Whitman is in. The move was hardly unexpected, but it very quickly evolved from quiet mumblings and rumors to full-fledged fact this afternoon. It was initially expected that Whitman would only be stepping in as an interim solution -- just another person passing through the revolving door at the entrance to the CEO's office. But, Whitman, a current board member, is in for the long haul. She's stepping in at a crucial and somewhat difficult time for the company that has seen its stock price plummet 47 percent, its $1.2 billion mobile OS flounder and is considering spinning off its PC business. She is no stranger to controversy (simply refer to her short tenure with Goldman Sachs) and was an integral part in growing eBay from a startup with just a couple of dozen staff members to one of the most popular destinations on the internet -- so, at least she's accustomed to having a few curve balls thrown her way. In a statement, Whitman said, "I am honored and excited to lead HP. I believe HP matters – it matters to Silicon Valley, California, the country and the world." The company also announced today that Ray Lane is moving from a non-executive chairman role to executive chairman of the board of directors, and that the board intends to appoint a lead independent director "promptly." HP's press release and some information from the company's investor call announcing the decision are right after the break.
