HP Announces New Board of Directors for HP Inc. & HP Enterprise
As Hewlett-Packard prepares to separate into two separate companies on November 1, 2015 (see our story here), it today introduced the expected members of the boards of directors for both Hewlett-Packard Enterprise and HP Inc. Each board will include members of the current HP board, as well as several new directors.
Upon completion of the separation, Hewlett-Packard Enterprise will provide technology solutions for optimizing customers’ traditional IT infrastructure, as well as helping them build a secure, cloud-enabled, mobile-ready infrastructure. Hewlett-Packard Enterprise will be led by current HP CEO Meg Whitman.
HP Inc. will focus on personal systems and printing, “with a strong innovation pipeline across areas such as 3D printing and new computing experiences.” HP Inc. will be led Dion Weisler, who currently runs the HP Printing and Personal Systems Group.
The new board for each company will go into effect once HP separates.
Current HP board member James Skinner has also announced that he will resign from HP’s board of directors once the separation is complete.
Hewlett Packard Enterprise
The board of directors of Hewlett-Packard Enterprise will be chaired by Pat Russo, who joined the HP board in 2011, and currently serves as its lead independent director. Russo previously served as CEO of Alcatel-Lucent, as well as chairman, president, and CEO of Lucent Technologies.
In addition to Russo, the Hewlett-Packard Enterprise board of directors is expected to include:
- Dan Ammann, president of General Motors.
- Marc Andreessen, co-founder of AH Capital Management.
- Michael J. Angelakis, senior advisor to the Executive Management Committee for Comcast Corporation, and former vice chairman and chief financial officer of Comcast Corporation.
- Leslie A. Brun, chairman and CEO of Sarr Group.
- Pamela Carter, former president of Cummins Distribution.
- Klaus Kleinfeld, chairman and CEO of Alcoa.
- Raymond J. Lane, partner emeritus at Kleiner Perkins Caufield & Byers.
- Ann M. Livermore, former executive vice president for HP Enterprise Business.
- Raymond E. Ozzie, CEO of Talko Inc.
- Gary M. Reiner, operating partner at General Atlantic.
- Lip-Bu Tan, chairman of Walden International, and president and CEO of Cadence Design Systems.
- Meg Whitman, chairman, president, and CEO of HP.
Andreessen, Kleinfeld, Lane, Livermore, Ozzie, Reiner, Russo, and Whitman all currently serve as members of HP’s board of directors.
Meg Whitman will chair the board of directors for HP Inc. Whitman has served as president and CEO of HP since September 2011, in addition to serving as director of HP since January 2011 and chairman of HP’s board since July 2014.
In addition to Whitman, the HP Inc. board of directors is expected to include:
- Shumeet Banerji, founder of Condorcet, LP, and former CEO of Booz & Company.
- Carl Bass, president, CEO, and director at Autodesk.
- Robert R. Bennett, managing director for Hilltop Investments, and former president and CEO at Liberty Media Corporation.
- Charles V. “Chip” Bergh, president and CEO at Levi Strauss & Co.
- Stacy Brown-Philpot, CEO at TaskRabbit, Inc.
- Stephanie A. Burns, former chairman and CEO at Dow Corning Corporation.
- Mary Anne Citrino, senior advisor at Blackstone.
- Rajiv Gupta, former chairman and CEO at Rohm and Haas Company.
- Stacey Mobley, former senior vice president, chief administrative offficer, and general counsel at DuPont.
- Subra Suresh, president of Carnegie Mellon University.
- Dion Weisler, executive vice president at HP.
Banerji, Bennett, Gupta, and Whitman currently serve on the board of directors of HP.
“I’m very excited to work with the new Board of HP Inc.,” commented Don Weisler. “HP Inc. has tremendous opportunities and having a skilled board with a global perspective is critical to me and my management team, especially as we embark into new markets like 3D printing and immersive computing. The chance to take in the skills of new board members is a great benefit of the separation.”
February 2015: Slow Quarter for HP, but Printer Earnings Strong
November 2014: Flat Fourth Quarter for HP; Reports Full-Year Results