Feeds

Heads roll at HP as Apotheker swings new broom

CEO's arrival sparks exec exodus

Choosing a cloud hosting partner with confidence

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.

The next step in data security

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.