Press Release: February 23, 2010
Topics:

HP Announces Leadership Changes in Enterprise Business

PALO ALTO, Calif., -- HP today announced that it has appointed Tom Iannotti, currently managing director and senior vice president of Americas and Enterprise Business at HP, to lead HP Enterprise Services. Joe Eazor, who currently runs Enterprise Services, will become senior vice president of Corporate Growth Initiatives in the Office of Strategy and Technology at HP. Both changes are effective immediately.

In his new position, Iannotti will be responsible for driving growth in HP Enterprise Services, which delivers applications, business processing and outsourcing services. Iannotti previously managed services for Compaq and HP and has over 30 years of global and regional leadership experience in the Americas, Europe and Asia. He will continue to report to Ann Livermore, executive vice president of the HP Enterprise Business.


In his new capacity, Eazor will be responsible for driving HP’s ongoing growth strategy in China, India and South East Asia. He will work closely with the region and country team to expand HP’s corporate presence and strength in this geography. He will report to Shane Robison, HP executive vice president and chief strategy and technology officer.


HP’s Asia Pacific business continues to experience strong growth. In the recently reported fiscal first quarter, HP’s revenue in the Asia Pacific region rose 26 percent year over year. China also has been a bright spot for the company.


“This strategic transition enables these talented executives to draw on their significant skills and experience to drive HP’s growth across our businesses,” said Livermore. “Tom is a natural leader and is ideally suited to expand our share of the services market. Joe’s experience in driving the integration of EDS as well as his deep knowledge of Asia Pacific are ideal as HP expands its footprint in this critical geography.”


About HP


HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.


This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.


© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth inn the express warranty statements accompanying such products and services. Nothing herein should be constructed as constructing an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.



Editorial contacts:

Hani Durzy, HP: corpmediarelations@hp.com

Mylene Mangalindan, HP: corpmediarelations@hp.com

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.