HP replaces three senior executives
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Company follows up on promise of "immediate management changes" after disappointing earnings report, CNET News.com has learned.
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EBay Inc. announced a senior management reorganization Thursday, increasing international responsibilities for three executives and underscoring the significance of the company's tremendously profitable PayPal division.
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Several senior executives at AOL have resigned since the hiring of a new chief executive at the Internet company owned by Time Warner.
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By AP  SAN FRANCISCO   -- Computer and printer maker Hewlett- Packard Co. said Monday that Bob Wayman, the company's longtime chief financial officer who briefly served as interim CEO, plans to retire at the end of the year.
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Hewlett-Packard Co.'s (HP's) board of directors has approved a severance package including $3.7 million in stock options for its general counsel, who resigned Thursday amid a growing scandal into HP's conduct during an investigation into board leaks.
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By Ville Heiskanen  Hewlett-Packard, the world's biggest maker of personal computers, said Monday that it had promoted its treasurer, Cathie Lesjak, to chief financial officer. She will succeed Bob Wayman, who will step down at the end of the year.  Lesjak has been treasurer since 2003.
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Hewlett-Packard's executive vice president of global operations, Gilles Bouchard, will leave the company at the end of October. The news came Tuesday immediately before HP announced that ChairmanÂ Patricia Dunn will step down.
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Hewlett-Packard Co. announced today that Patricia Dunn will be replaced as HP chairwoman in January by CEO Mark Hurd. The move follows a scandal related to leaks from the company's board of directors.
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Hewlett-Packard Co. HPQ.N   Chairman Patricia Dunn on Tuesday agreed to step down in a   boardroom shake-up, as the No. 2 computer maker tried to defuse   a scandal over its investigation into media leaks.
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(InfoWorld) - Microsoft Corp.'s Japan unit has picked a former Hewlett-Packard Japan Ltd. executive as its new chief operating officer (COO), the company said Monday. Yasuyuki Higuchi assumed his new position March 1. He was previously president of Japanese retailer Daiei Inc. and served as HP Japan's president. At Microsoft he will be in charge of the company's commercial and enterprise business. "I'm very excited," he said at a Tokyo news conference. "[Commercial] is the area I was heavily involved in at HP Japan ... so the area is one I am really familiar with." Higuchi was an employee of Compaq and came to HP when the two companies merged in 2002. Prior to Compaq he worked at Apple Inc.'s Japan unit between 1994 and 1997. As COO he will report to Darren Huston, president and CEO of Microsoft's Japan unit, Microsoft Co. Ltd. With Higuchi heading up the enterprise business, Huston will concentrate on the consumer sector, he said. "I hope to bring together our assets in a more consistent way," said Huston in an interview with IDG News Service. "We have a very strong portal on the Internet, MSN, we're launching a bunch of Live services, we've got some great products being launched in games for Windows [and] we've launched Vista in its premium version. So it's how do we bring those assets together and make more of an impact." Last week the Nihon Keizai Shimbun business newspaper reported that Higuchi is likely to take over from Huston as Microsoft's Japan president in about a year. Huston addressed the report on Monday and said that he would be here for at least the next financial year but didn't commit to being in Japan beyond that point. Â
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Computer and printer maker Hewlett-Packard Co.  said on Monday that Chief Financial Officer Bob Wayman will retire as CFO at the end of the month, ending a 37-year career with the company.
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David Murphy steps into the senior VP role from Mercury Interactive, acquired by HP last year.
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By Damon Darlin  Moving to quell its boardroom upheaval, Hewlett-Packard said Tuesday that its chairwoman, Patricia Dunn, would step down in January and would be succeeded by Mark Hurd, the chief executive. The announcement was made before the U.S.
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Intel is taking over the team of 300 designers who work on Itanium chips for use in HP servers. An official announcement from the companies is expected Thursday, according to a person familiar with the plans.
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Bill Nelson and three other top executives with long careers at HBO will replace Chris Albrecht, who resigned.
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(InfoWorld) - Patricia Dunn, Hewlett-Packard's embattled chairman, will be relieved of those duties after the board's Jan. 18, 2007, meeting, but will continue as a director. The announcement came Tuesday morning, followingÂ meetings of the boardÂ over the weekend and Monday. Mark Hurd, HP's chief executive officer and president will also take on the chairman's job. Richard Hackborn, who has been on the board since 1992, has been chosen as the lead independent director as of January. Dunn has been under intense pressure to step down as chairman after it came to light last week that the board of directorsÂ carried out an investigationÂ to determine who among the board leaked confidential information to journalists. The board admitted in a filing with the U.S. Securities and Exchange Commission (SEC) that the internal probe involved "pretexting," where employees of an investigative firm hired by the company pretended to be reporters to gain access to their telephone records. Federal authorities, including the U.S. Department of Justice and a congressional committee,Â are questioning the board's conductÂ in the probe and the California attorney general has said thatÂ charges are likely to be filed. "The recent events that have taken place follow an important investigation that was required after the board sought to resolve the persistent disclosure of confidential information from within its ranks. These leaks had the potential to affect not only the stock price of HP but also that of other publicly traded companies," Dunn said in a written statement released by HP. "Unfortunately, the investigation, which was conducted by third parties, included certainÂ inappropriate techniques. These went beyond what we understood them to be, and I apologize that they were employed." Dunn pledged to take action to make sure that such "inappropriate investigative techniques" do not happen again. "They have no place in HP," she said in the statement.
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(InfoWorld) - Hewlett-Packard (HP) is strengthening ties to Microsoft to provide a broadened portfolio of business software products to the enterprise market, delivering a competitive blow to rival IBM. Announced Wednesday, HP and Microsoft's joint $300-million, three-year investment to sell five different types of enterprise technology includes: -- Messaging and unified communications, including e-mail, instant messaging and video conferencing; -- Collaboration and content management, software that allows geographically-dispersed employees to collaborate on text, database, video and other files; -- Business intelligence, the analysis of data to help drive business decisions; -- Business process integration, which refers to the different processes enterprises use to run their businesses; -- and core infrastructure, the management of an enterprise's computer systems. The collaboration will generate 30 new products and services in the next year to 20,000 shared customers of the two companies. "Our customers, when they are looking for these solutions, are eager for what it brings to them, but they also want it at a very attractive cost," said Ann Livermore, executive vice president of the Technology Solutions Group at HP, during a news conference. Although HP, a maker of computers, servers and storage products, and Microsoft, a maker of operating systems and application software, have partnered for more than 20 years, the scale of this announcement makes it unique, said Livermore. "It pools Microsoft's whole portfolio to the enterprise and our whole portfolio...and that puts us in just a tremendous position." "Customers want to hear: how can IT advance the business? How can IT drive value in the business? That's the nature of these five solutions that we have," said Kevin Turner, chief operating officer of Microsoft. The combined market for business intelligence, collaboration, content management and infrastructure software is estimated at $49 billion in 2007 and the market for communications hardware and services is estimated approximately $60 billion, said John Gantz, chief research officer with IDC. The HP-Microsoft deal gives both companies leverage over their joint rival, IBM, which also sells hardware and software to enterprises, said Rob Enderle, principal analyst with Enderle Group, a technology consulting firm. Although IBM hardware also runs Microsoft software, Microsoft is getting closer to HP, he said. "Microsoft now views IBM as much more of a competitor going forward than a partner and it looks like they are shifting their attention away from IBM services and toward HP's," said Enderle. HP is expected to surpass IBM in revenue this year. HP had $91.7 billion in its fiscal year, ended Oct. 31, while IBM is expected to end its year on Dec. 31 with $90.72 billion, according to a consensus from analysts polled by Thomson Financial. "With HP now moving ahead of IBM, I think Microsoft feels comfortable partnering with HP more aggressively," Enderle said. Current enterprise-level collaborations include HP support of Microsoft's new Office 2007 suite of business software and Exchange Server 2007 for data centers. HP provides technical briefings and proof-of-concept testing to customers and partners that are considering deploying Windows-based technology in their enterprises. HP is also a Microsoft Gold Certified Partner for Learning Solutions, providing technical training on Microsoft systems at HP offices globally.