HP's split surgeon Bill Veghte splits from HP
Antonio Neri ascends to top of Enterprise Group
Bill Veghte, the HP exec who since October has led the company's effort to split into two separate businesses, is parting ways with the firm.
"The decision to leave a company and people you are passionate about is never an easy one," Veghte said in a statement. "It has been a privilege working with Meg [Whitman, HP CEO] and a great leadership team as we transform Hewlett Packard to help customers on their journey to the New Style of IT."
Veghte, who most recently held the title of executive vice president of HP's Enterprise Group, joined the company in 2010. During his tenure he served in such roles as HP's chief strategy officer, executive VP of HP Software, and chief operating officer.
No reason for Veghte's departure was given.
"From the moment he arrived at HP, Bill has made a huge difference," Whitman, said. "He brings energy, insight, and leadership to everything he does. I am grateful for all he did to help me lead HP through the turnaround and into the separation. I know Bill will continue to enjoy great success in the years to come."
HP, which has struggled as a result of the slumping PC market, is midway into separating itself into two new companies, a process that is expected to complete by the beginning of HP's fiscal 2016, which starts on November 1.
The first of the new firms, HP Inc, will handle the Palo Alto firm's consumer PC and printer businesses and will be headed by Dion Weisler, who runs those operations within HP now.
Whitman will become chief exec of the second new company, Hewlett Packard Enterprise, which will handle IT offerings for businesses, including servers, networking, storage, and cloud services.
With Veghte's departure, the ongoing separation effort will be overseen by Chris Hsu, who will take the role of chief operating officer of Hewlett Packard Enterprise following the split.
Assuming the role of executive VP and general manager of the Enterprise Group is Antonio Neri, who was previously a senior VP within the group.
Veghte isn't the first HP exec to jump ship amid all the turmoil. Earlier this month, Tom Joyce, the company's former senior veep of global development, left the company for a position at rival Dell.
No one should be surprised if more top team members head for the door before the dust clears. ®