Feeds

Top four EDS execs exit stage left

'Other opportunities' abound

Internet Security Threat Report 2014

Four top EDS executives are leaving their jobs to "explore other opportunities" as part of the sprawling services company's layoff-and-pay-cut-heavy digestion by Hewlett-Packard.

EDS will see Tom Haubenstricker, head of finance; Mike Koehler, head of EDS Americas region; and Mike Paolucci, head of human resources depart the the company in May. Bobby Grisham, who oversees EDS sales, will retire in June.

According to the Sacramento Business Journal, Koehler is being replaced by Andy Mattes, who currently oversees application services. Paolucci will be succeeded by HP veteran Shawn Williams. There's currently no permanent replacements for Grisham and Haubenstriker, although the latter's spot will be filled by chief administrations officer Pete Bocian until his replacement is found.

The latest EDS exec exodus is just one of many financial squeezes put on the company since it was purchased by HP.

After EDS announced it would be acquired for $13.9bn last year, HP chief Mark Hurd — a man well known for swinging the axe in the name of the bottom line — announced plans to cull nearly 25,000 jobs to consolidate EDS into HP's existing services wing.

HP also recently instituted a permanent company-wide five per cent pay cut on top of a 10 per cent wage reduction for US workers at EDS for April.

Hurd, meanwhile, said he was taking a 20 per cent base salary cut. Quite a sacrifice, unless of course he gets anything like the $23.9m cash bonus he received last year. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
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
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
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
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.