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Executives Leave Ahead of Hewlett-Packard Split

Posted on July 3, 2015 Sara Lewis Executives Leave Ahead of Hewlett-Packard Split

Hewlett-Packard has announced that Bill Veghte, the COO and Chief Strategy Officer, will be leaving the company. As the current executive VP and head of the Enterprise Group, the $28 billion division of HP’s servers and networking gear, Veghte will be leaving behind over half of the new company which is planned to come to fruition on November 1. The split preparation was assigned to him by CEO Meg Whitman. Veghte will be “pursuing another opportunity” which is currently unknown.

Veghte joined Hewlett-Packard in 2010 after working 20 years at Microsoft where he managed the launch of Windows 7 and administered the $15 billion Windows business. In addition, he is also on the board of the account software startup, Xero, along with being on the advisory board of the cloud software startup, VMTurbo. Veghte’s role will be taken over by Antonio Neri, who has been managing HP’s enterprise group when Veghte was working on the split. Working at Hewlett-Packard for 20 years, Neri ran the company’s server business and will serve as the vice president and general manager.

In addition to Veghte, other Hewlett-Packard executives will be leaving the company as well. Hewlett-Packard senior vice president and head of software business security, Art Gilliland, will also be leaving the company to lead a new software startup business. Art has worked for Hewlett-Packard for three years and has six years at the security software company Symantec. The announcement of the company’s split last October, also brought the former executive vice president of HP’s Enterprise Systems division, Dave Donatelli, to leave the company in April and join Oracle. The announcements seem to have had effect on Hewlett-Packard’s stock, as shares fell 1.2 percent to $29.61 at 11:09 a.m. in New York. The stock was down 25 percent this year through Monday.

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