HP has made several key changes to its senior management team, including the replacement of enterprise general manager Dave Donatelli, as revenue dropped in almost all of its divisions for the firm's latest set of results.
HP posted worse than expected earnings on Wednesday, with both revenue and profits down on the same quarter last year. Overall revenue was down by eight percent to $27.2bn, while profits dropped 15 percent to $1.7bn.
The numbers for HP's various hardware divisions were especially telling, with revenues for personal computing down 11 percent, printing down 4 percent and enterprise down 9 percent.
In a bid to turn around the enterprise division, HP chief Meg Whitman has appointed the firm's chief operating officer Bill Veghte as its new enterprise chief and promoted him to executive vice president. Whitman stated that this switch would allow HP to become more responsive to a changing industry. "Bill's vision for the future of IT, his breadth of experience in the industry and at HP, and his deep enterprise experience, make him the ideal candidate to help HP navigate a rapidly changing market," she said.
Veghte will also continue to head up HP's pan-cloud initiative, uniting the enterprise divisions and creating shorter lead times in the release of cloud products, according to HP.
Whitman added: "Dave succeeded in pioneering converged infrastructure, bridging servers, storage and networking. Looking forward, the software-defined data centre and cloud computing offers us a great opportunity to extend HP's leadership in the technology infrastructure space."
Donatelli, whom Veghte is replacing, has now been moved to a post which will see him identifying startups creating new technologies to help with server, storage and networking solutions.
There was also a shuffle in the firm's marketing department, with Henry Gomez heading up the newly-combined marketing and communications divisions.
Whitman joined HP as chief executive in 2011, during a period in which the firm's top position was a revolving door of departures. She said yesterday that she was confident that, despite posting results that disappointed investors, the business' battle to regain its previous market share was on track.
"I remain confident that we are making progress in our turnaround," she said. "We are already seeing significant improvement in our operations, we are successfully rebuilding our balance sheet, our cost structure is more closely aligned with our revenue and we have reignited innovation at HP, with a focus on the customer."
Yeah, sorry about all that, simpers Zuckerberg
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