Hewlett-Packard (HP) veteran Dick Watts, has resigned after 30 years with the under performing blue chip company to join a Silicon Valley startup.
Watts, who was vice-president in charge of the corporate salesforce, is likely to take up a top at San Jose based company Converge Net Technologies, which makes high-end storage and networking products.
British born Watts, who trained as an electrical engineer, has been in charge HP's key operations, but industry insiders said that the chance of any major promotions, such as becoming the successor to chief executive Lewis Platt, in his career was limited.
Watt's departure is seen by some analysts as untimely. The company is under scrutiny by investors who are dismayed by slowing sales and a lacklustre stock performance.
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