Feeds

HP gives Carly all top three jobs

Chairman/woman/
person kind of thing

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Hewlett Packard today gave CEO and president Carly Fiorina the additional post of chairman.

Fiorina succeeds Dick Hackborn, who was non-exec chairman and remains a member of the board. The move propels the 46-year-old into the top IT female role - she is the only woman to hold all three jobs at a major technology company.

The announcement kicked off the usual round of mutual admiration remarks. "This appointment is a strong vote of confidence in Carly's leadership and the direction she has set for the company over the past 14 months," said Hackborn. "Under her stewardship, the company is now poised for accelerating growth."

"Dick has been an outstanding leader for the board and a mentor for all of us during this important company transition," Fiorina responded.

The California-based PC vendor also authorised a $1 billion share buyback scheme and said it expected to meet its 15 per cent growth target and earnings estimates of $1.03 per share for Q4. Regarding the buyback scheme, HP said shares would be bought on the open market or in private transactions - depending on market conditions.

"This new authorization will enable us to repurchase additional shares at attractive prices," said Robert P. Wayman, HP executive VP and CFO. "HP's strong cash flow enables us to accelerate share repurchases while we continue to make the investments required to fuel our growth in the Internet era," he added. ®

Related Stories

HP wants to spank you with its Superdome
Top IT execs look like sh!t
HP's Fiorina calls for governments to change policies

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.