Feeds

Heads roll at HP as Apotheker swings new broom

CEO's arrival sparks exec exodus

High performance access to file storage

The word on the street is that more executives at struggling IT giant Hewlett-Packard are being shown the door by new CEO Leo Apotheker.

apothekerCHANGES2

Apotheker: 'Ladies and Gents, let's have a look at your closest exits'

A report in Bloomberg says three more top executives are leaving HP as the company shakes up its services business to try to get it growing and more profitable.

According to Bloomberg, Marius Haas is leaving HP for a job at leveraged buyout king Kohlberg Kravis Roberts & Co. Haas was made senior vice president and general manager of HP's ProCurve Networking business unit back in June 2008, and in November 2009, HP succumbed to Cisco envy and paid $2.7bn in cash to acquire Ethernet pioneer 3Com.

Haas cut his teeth at Intel, jumped to Compaq, and came to HP through the Compaq deal in 2002. Haas had been in charge of all of HP's acquisition integration as SVP of strategy and corporate development since 2004, which is why the job at KKR makes sense.

Maybe KKR will be interested in picking up some unwanted HP business units?

Tom Iannotti, who was tapped to lead the Enterprise Services unit underneath Ann Livermore back in February 2010, is apparently retiring from HP. Iannotti was previously managing director of HP's Americas region and came to the company through the Compaq acquisition as well, and ran Compaq's enterprise services business. Along with the ProLiant x64 server business, that Compaq services biz was one of the things that former HP CEO Carly Fiorina was hot to trot over.

In a conference call with Wall Street analysts last week going over HP's second quarter of fiscal 2011 numbers ended in April, Apotheker said that the HP services business, the amalgam of HP's own tech support and professional services business with the outsourcing and systems integration business it got through the acquisition of EDS, had "overexecuted operationally and underinvested strategically" and that was one of the reasons why this business is not growing as fast as Apotheker thinks it can.

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.