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Share Name | Share Symbol | Market | Type |
---|---|---|---|
HP Inc | NYSE:HPQ | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.24 | 0.86% | 28.18 | 28.50 | 28.01 | 28.28 | 6,648,425 | 01:00:00 |
As Hewlett-Packard Inc. inches toward its November breakup, one of the people leading the charge is on his way out.
Bill Veghte, the head of H-P's business-centric Enterprise Group is leaving the company to "pursue a new opportunity," H-P said in a statement. Mr. Veghte couldn't be reached for comment.
A former Microsoft Corp. executive who played a key role in the Windows 7 launch, Mr. Veghte was hired by Mark Hurd in 2010 to build H-P's software business. Chief Executive Meg Whitman, just months after taking the helm at H-P in September, 2011, elevated him to the role of chief operating officer before putting him in charge of the Enterprise Group and ultimately the company's breakup.
H-P expects to file Securities and Exchange Commission documents later this week detailing its division into two companies. The split will create two $57 billion offshoots—the printer-and-PC seller HP Inc. and the corporate-technology behemoth Hewlett Packard Enterprise— and is expected to be completed by Nov. 1.
Mr. Veghte is the second H-P executive to have departed in advance of the breakup. In March, David Donatelli, one of the company's top hardware executives, jumped ship for Oracle Corp.
Write to Robert McMillan at Robert.Mcmillan@wsj.com
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