Hewlett-Packard made some big organizational changes this week, promoting one executive to a board member and showing another executive the door.
The Palo Alto, Calif. based company said the organizational change will align more with its corporate structure. The biggest change are the departures of Randy Mott, HP's chief information officer and Pete Bocian, executive vice president and chief administrative officer. Bocian's job got eliminated while Mott's chief information officer role will get broadened under a new person. The company said it will begin a search immediately for his successor.
Meanwhile, Ann Livermore is also no longer an HP executive, but under better circumstances. Livermore, who has been with HP for 29 years, is joining the company's board of executives. Livermore is stepping down in her role as executive vice president of HP's enterprise business, but will stay on in an interim role until a successor is found.
Ann's distinguished role as a leader of our largest business, deep relationships with our most important customers, institutional knowledge of the company and its employees, and insights on the technology industry will be tremendous assets to our board of directors, Ray Lane, non-executive chairman of HP's board of directors said in a statement.
The company also announced Dave Donatelli, executive vice president of enterprise servers, storage, networking and technology services and Bill Veghte, executive vice president, software will report to CEO Leo Apotheker. Previously, the duo reported to Livermore. Also Jan Zadak, executive vice president of global sales, will also report directly to Apotheker.
These businesses play a vital role in our continued growth and success, and as such, Dave, Bill and Jan will report directly to me and help drive the overall direction for HP. In our ongoing effort to accelerate our progress in executing our strategy, we will continue to make the necessary changes that streamline our operations, drive focus and agility, and position us for success, Apotheker said in a statement.
HP is also expanding the roles of other executives in an effort to appeal to a greater global audience. Todd Bradley, executive vice president of HP's Personal Systems Group, will lead cross-business initiatives focused on expanding HP's market share in China. Vyomesh Joshi, executive vice president of the imaging and printing group, will do the same in India.
Mott has been with the company since 2005 when he hired by former chief executive Mark Hurd. Previously, he worked at Dell when the company was thriving. Under his guidance, HP reduced the amount of data centers it ran from 86 to six. Mott brought a cost-analysis approach to the IT department, reducing the amount of projects, workers and legacy applications as well.
The company's stock fell 1.37 percent today, or 48 cents, from $35.13 to $34.65.