HP Announces Leadership Change in Printing and Personal Systems

HP Announces Leadership Change in Printing and Personal Systems

PALO ALTO, Calif. HP today announced that Todd Bradley will step out of his role as executive vice president, Printing and Personal Systems (PPS), HP, to assume a new position at the company executive vice president, Strategic Growth Initiatives.

In this newly created position, Bradley will work directly with Meg Whitman, HP's president and chief executive officer, on enhancing HP's business in China and extending the company's critical channel partner relationships around the world. Bradley also will work with Whitman on identifying potential partnership opportunities with early-stage companies that can contribute to HP's long-term growth.

There's nothing more important to HP than our channel partners and the future of our business in China, said Whitman. I've asked Todd to use his expertise to focus on these areas. I've also asked him to study the landscape of small companies and startups that could partner with HP to spur growth.

Under Bradley's leadership, HP firmly established itself as the No. 1 PC vendor in the world and expanded its worldwide commercial channel partner organization. Bradley also is deeply familiar with HP's China operations and global supply chain. He received the prestigious Friendship Award from China in 2009, the highest accolade presented to foreign citizens who have made outstanding contributions to China's development.

Dion Weisler, currently senior vice president for HP PPS in Asia Pacific and Japan (APJ), will step in to Bradley's role as executive vice president, PPS, HP. He will report to Whitman and join the company's executive council.

Weisler joined HP in January 2012. He has more than 23 years of experience in the IT industry. Prior to joining HP, Weisler was vice president and chief operating officer of Lenovo's Product and Mobile Internet Digital Home Groups. Before that, he ran Lenovo's businesses in Korea, Association of Southeast Asian Nations (ASEAN), and Australia and New Zealand (ANZ). Weisler also enjoyed a successful 11-year career at Acer, where he served as managing director of Acer UK and also helped build Acer's business in Central and Eastern Europe.

HP also appointed Nick Lazaridis to lead HP PPS APJ on an acting basis until a permanent replacement is named. Lazaridis is currently chief operating officer of HP PPS APJ, and is also responsible for the Personal Systems division in the region.

Dion is one of our very best executives and his background is perfect given the challenges we face in the marketplace, said Whitman. Todd has left Dion a great legacy to build on. Today's announcement is about putting our best qualified leaders into roles focused on restarting HP's growth. HP is extremely fortunate to have a strong bench to draw on as we rebuild and restore the company.

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, market share or competitive performance 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 competitive pressures faced by HP's businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HPs intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.

2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

LINK:	http://www8.hp.com/us/en/hp-news/press-release.html?id=1427271...
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