November 22 news, according to TechCrunch reported, Meg Whitman (Meg Whitman) is an experienced Silicon Valley executives, has led HP to complete the latest spin-off operations. After six years as CEO of the company, Whitman announced that he will resign from the position of CEO of HPE in February 2018. Whitman’s position will be taken over by the company’s current president, Antonio Neri, but she will remain on the Hewlett-Packard corporate board.
Whitman became one of the most famous executives in Silicon Valley in the 1990s when she left the toy maker Hasbro to join eBay. eBay is still a start-up company at this time, only 30 employees, revenue of about 4 million US dollars. But 10 years later, Whitman helped eBay become one of the most well-known brands on the Internet market, with revenues of 8 billion U.S. dollars.
Whitman was running for California Governor in 2010 but lost to Jerry Brown. She spent more money in the campaign than any other self-financing political candidate in American history. Of the $178.5 million in campaign spending, $144 million was her own pocket. In 2011, Whitman switched to troubled HP. At that time, Hewlett-Packard experienced a series of rapid changes in the CEO, and suffered a heavy debt burden, especially to spend $ 11 billion acquisition of Autonomy.
Whitman was named President and CEO of HP in September 2011. Since then, she has been implementing a five-year reversal strategy to reposition the company to compete better. Under her leadership, the company rebuilt its balance sheet, rekindled innovation, strengthened operations, and increased customer and partner satisfaction. The company also took a strategic move to focus and strengthen its portfolio, especially with HP Inc. This is the largest corporate spin-off in history. She also led the subsequent spin-off and consolidation of HPE's enterprise services and software business, and strategic acquisitions such as Aruba, SGI, SimpliVity, and Nimble Storage.
Under Whitman's leadership, HP has created significant shareholder value, including nearly $18 billion in share repurchases and dividends. Since the Hewlett Packard Enterprise was born on November 2, 2015, the company's total return to shareholders was 89%, which is more than three times that of the S&P 500 company.
Whitman was eBay’s chief executive and joined HP in 2011. During his tenure at Hewlett-Packard, Whitman led the electronics giant through a difficult period, eventually splitting the company into two, HP Inc., which is mainly responsible for the personal computer and printer business. Dion Weisler leads, and Hewlett-Packard Company focused on information technology, manufacturing servers, computer networks and other services for other large companies, personally held by Whitman as CEO.
Whitman has made large-scale layoffs at Hewlett-Packard companies and it is expected that more people will be eliminated. In addition, she also spun off many other businesses of Hewlett Packard Enterprise, including consulting/services businesses and software businesses. For Whitman's notice of resignation and its future plans, HP Enterprise declined to comment on Whitman's statement in the relevant statement: “Since joining HP in 2011, I’m proud of the many achievements we’ve achieved. Today, HP is working on four issues. The industry-leading companies are in an advantageous position in their respective markets.It is time for Antonio and a new generation of leaders to take the helm of HP.I am very confident in them and they will continue to build a great company and will The future will thrive."
In July of this year, Whitman was nominated as CEO of Uber, a taxi service company, to replace Travis Kalanick. Whitman publicly admitted in August that she had a meeting with the board of directors to discuss this work, but she eventually chose to stay in Hewlett-Packard Enterprise. She said: "We still have a lot of work to do at Hewlett Packard Enterprise, and I will not go anywhere. "This is indeed the case, and Whitman will continue to serve on the HPE board of directors. In addition, she has not announced any future plans.
Pat Russo, Chairman of the HP Corporate Board of Directors, said: "In the past 6 years, Whitman has been tireless to bring stability, strength and flexibility to this iconic company. And Antonio is a veteran of HP's business. He is passionate about the company's customers, partners, employees and culture. He worked with Whitman and was the right person to promote the company's vision."
Since 1995, Nery, 50, joined HP and started as a customer service engineer at the call center. Since then, he has served in various roles in HP's printer business unit, and later was responsible for the customer service work of HP's personal systems department. In 2011, Neri began to manage the company's technical services business, followed by the server and network business units. In 2015, he began to take charge of all Enterprise Group businesses. As the largest business unit of Hewlett-Packard Enterprise, including the leader in server, storage, networking, and service solutions, Neri is responsible for setting the R&D agenda, bringing innovations to market, and implementing market strategies.
Neri was named President of Hewlett-Packard Enterprise in June 2017. In addition to leading the company’s four main business units, he is also responsible for HPE Next, a project that accelerates the company’s core performance and competitiveness. Neri said: "The field of technology is rapidly changing. We have redesigned HPE to take advantage of the market prospects we see. HPE is in a good position. We are still focused on implementing our strategy, promoting our innovation agenda, and bringing A wave of shareholder value."
HP's corporate strategy is based on three pillars. First, Hybrid IT is made simpler by offering products in traditional data centers, software-defined infrastructure, system software, private cloud computing services, and cloud partnerships. Secondly, it supports AIntelligent Edge through Aruba in Campus, Branch Networks, industrial IoT products like Edgeline and general IoT software platform. Third, provide services that are vital to customers, including consulting, professional and operational services.
On the same day that Whitman announced his resignation next year, Hewlett-Packard Co. announced the latest quarterly earnings report. The company's performance was slightly better than analysts' expectations. The stock price dropped 6.6 percent after the close. (small)
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