Hewlett-Packard yesterday announced the executives who will head up the four business divisions of its newly reorganised computing and imaging company, and said the units will operate more autonomously than previously.
The two computing and two imaging business units will be able to make acquisitions, enter into product alliances and deals with other companies, and establish development, manufacturing and distribution of products and services without having to rely on another internal business unit, for example, said spokeswoman Marlene Somsak. However, some departments and activities will stay centralised, like the HP Laboratories, corporate-governance, Internet presence and tax departments, she said.
"The business units can act like their own companies in many ways. They can leverage the HP brand and HP lifestyle, but avoid the expenses and complexity of dealing with some activities that independent companies have to face," Somsak said.
Meanwhile, there will be more coordination among the units on marketing, particularly related to electronic services and the Internet, she added.
The executives, who will all report to Lewis Platt, chairman and chief executive officer are:
Ann Livermore, formerly general manager of Enterprise Computing Solutions. She will be president and CEO of the business unit of the same name, which provides computer systems, storage, software, services and support to corporations.
Duane Zitzner, formerly head of all PC and related activities, will be president and CEO of Computer Products, which oversees business and home PCs, PC servers, workstations, storage devices and mobile appliances.
Antonio Perez, formerly head of HP's inkjet products business, will be president and CEO of Inkjet Imaging Solutions, which covers thermal inkjet technology, inkjet printing, image capture, networking management and Internet printing and publishing.
Carolyn Ticknor, formerly head of HP's LaserJet printing activities, will be president and CEO of LaserJet Imaging Systems, overseeing colour and monochrome laser printing, network scanning, digital sending, print servers and network-printer-management software.
HP also announced that pay will be based directly on financial performance across the business units.
The company announced in March that it would split into two separate companies: the computing and imaging company which would retain the HP name; and a testing and measurement company whose name has not been determined.
The company is still searching for a new CEO for the computing and imaging company. Platt will retire as CEO when a replacement is found, but will remain as chairman of the board indefinitely, Somsak said. She could not say when a new CEO will be named.
Meanwhile, the testing and measurement company, overseeing medical and chemical-analysis systems and electronic components, will have an initial public offering sometime after August, according to Somsak. It is expected to become an independent company in mid-2000, the company said in a statement.