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New CFO for HP Inc.; Lesjak Retiring

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Yesterday, HP Inc. announced that Steve Fieler has been named chief financial officer, effective July 1, 2018, succeeding Cathie Lesjak, who will assume the role of interim chief operating officer.

Fieler has more than 20 years of experience, and currently leads the treasury and corporate finance functions at HP Inc., where he is responsible for managing cash, debt, risk management and capital structure, as well as financial planning and analysis, investor relations, credit and collections, and corporate development. An 11-year HP veteran, he has served in a range of finance and operational roles at the Hewlett Packard Company prior to Hewlett-Packard’s November 2015 separation, including as VP CFO for HP Software, a $4 billion division of the company. He left HP in 2014 to become CFO at Proteus Digital Health, a provider in digital medicine, and rejoined HP in January 2017. Fieler has a bachelor’s degree in economics from Brown University and a master’s of business administration from Harvard Business School.

Lesjak has served in a wide range of prominent leadership roles in her 32 years at HP, including acting CEO of Hewlett Packard Company. In 2007 she was named CFO, a position she held until the company separation into HP Inc. and HP Enterprise, at which time she became CFO of HP Inc. Lesjak plans to serve as interim COO until her retirement, which is planned for some time in early 2019.

HP President and CEO Dion Weisler commented: “Having worked with Steve over many years, I have great confidence in his ability to propel us forward and continue to drive profitable growth. I’ve enjoyed a tremendous partnership with Cathie and I look forward to the same collaboration with Steve. He has a deep understanding of our global business, a stellar operational and financial track record, and valued relationships within the investment community.”

Weisler added: “Cathie deserves tremendous credit for helping drive our performance, growth and reinvention. Our strategy is working, the team is focused, and we’re firing on all cylinders. She is a best-in-class leader with incredible commitment to delivering shareholder value and has done an extraordinary job assembling a world-class team. I’m grateful for her continued support and leadership in the COO role.”

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