Another bigshot exec just left HP ahead of its massive and costly split up
On Tuesday, his departure was made official.HP just announced that Veghte will resign from his position "later this summer" and will be replaced by Antonio Neri, senior VP of HP's Enterprise Group. It's unclear where Veghte is headed, as HP only stated he will "pursue a new opportunity."
Before HP, Veghte spent nearly a decade at Microsoft, holding various VP positions.Veghte is the second top HP executive to leave the company in the past two weeks. Dave Donatelli, former VP of HP Enterprise Group, made his move to Oracle official earlier this month (after we reported it in March).
The management shake-up comes as HP is headed towards a massive split up that's estimated to cost the company roughly $2 billion. HP will break into two companies, one in charge of the enterprise business and another running its PC and printer sales, essentially creating two Fortune 50 companies with $57 billion in revenues each.HP's breakup is expected to be complete by November. Current CEO Meg Whitman will head up the Enterprise side of the business, while current EVP Dion Weisler will oversee the PC/printer business.
- Airtel's India business is back in the black after a very long time
- Sequoia and PayPal-backed Pine Labs completes a first close of $285 million funding round from new investors
- BJP spent significantly less on advertising during Kerala elections this year, its ad insertions on TV, Radio and Print decreased from 21% in 2016 to 1% in 2021
- Google I/O 2021: Here's what to expect from Google's biggest annual conference
- ISRO announces its decision to share technology to make portable medical oxygen concentrators developed by VSSC