July 13, 2024

Bits: Top Executive at H.P. Steps Down

Ann Livermore, a fixture at Hewlett-Packard for nearly three decades, will step down from leading the company’s enterprise business as part of a broader management overhaul.

Ann LivermoreTony Avelar/Bloomberg NewsAnn Livermore

The shake-up, announced on Monday, comes as Leo Apotheker, H.P.’s chief executive, tries to reinvigorate the company after a series of disappointing financial forecasts.

Ms. Livermore, who joined H.P. out of graduate school and is one of the most prominent women executives in the technology industry, will become a board member, H.P. said. She will continue to serve in her current management role until a replacement is found.

Ms. Livermore, 52, had long been considered a potential chief executive at H.P. in the wake of its many leadership changes in recent years. However, she was passed over on each occasion, most recently when Mr. Apotheker was hired last year.

H.P. also said that Peter Bocian, chief administrative officer, has left the company. His position has been eliminated.

Randy Mott, chief information officer, is also leaving, although H.P., is seeking a successor.

“In our ongoing effort to accelerate our progress in executing our strategy, we will continue to make the necessary changes that streamline our operations, drive focus and agility, and position us for success,” Mr. Apotheker said in a statement.

Mr. Apotheker is trying to lift H.P., the largest technology company by revenue, amid declining consumer computer sales and a slumping services business. His strategy, which he unveiled in March, is to build up the company’s tiny software business and expand into the cloud — a term used to describe products and services delivered online.

Article source: http://feeds.nytimes.com/click.phdo?i=48f4eeabebd912103b17a37c268b78f2

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