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HP Realigns Organization


5 Aug 2011
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HP has finally put the rumors about the alliance between its IPG and PSG to rest, and has announced a formal realignment of the two organizations.

As part of this realignment, HP has joined the forces of its Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) to create the Printing and Personal Systems Group. The combined entity will be led by Todd Bradley, who has served as the Executive Vice President, PSG since 2005.

Combining these two entities will rationalize HP’s go-to-market strategy, branding, supply chain and customer support, worldwide. This will lead to a better customer experience and drive innovation across personal computing and printing. This realignment is expected to provide opportunities for cost savings and accelerate HP’s ability to pursue profitable growth and reinvest in the business.

“This combination will bring together two businesses where HP has established global leadership,” said Meg Whitman, President and CEO, HP. “By providing the best in customer-focused innovation and operational efficiency, we believe we will create a winning scenario for customers, partners and shareholders.”

In addition to combining PSG and IPG, HP also is taking steps to unify and streamline certain key business functions.

The global accounts sales organization will join the newly named HP Enterprise Group. This group will be led by David Donatelli and includes enterprise servers, storage, networking and technology services.

Vyomesh Joshi, Executive Vice President, IPG, is retiring after a 31-year career at HP. Under Joshi’s leadership, IPG revenue grew from $19 billion to $26 billion, and doubled its operating profit to approximately $4 billion.

“VJ embodies the spirit of HP and his impact on the company has been tremendous,” said Whitman. “Under his leadership, IPG accelerated innovation and pioneered solutions that transformed the printing market. We wish him the very best as he embarks on a new chapter in his life.”

“Ensuring we have the right organizational structure in place is a critical first step in driving improved execution, and increasing effectiveness and efficiency,” added Whitman. “The result will be a faster, more streamlined, performance-driven HP that is customer focused and poised to capitalize on rapidly shifting industry trends.”

Source : crn
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