Hewlett-Packard has big changes ahead for the conglomerate. Last month the computer giant revealed that it would be splitting into two separate businesses, one of which would be HP Enterprise, a B2B service provider.
Now, it seems that even more changes are ahead for the company, and they may directly affect the new HP Enterprise unit. Reports on Tuesday (June 30) revealed that the company’s current head of its Enterprise Group, Bill Veghte, has stepped down from his post to “pursue a new opportunity,” according to a statement from the company.
As a former Microsoft executive, Veghte joined HP in 2010 to strengthen its Software-as-a-Service offerings. He became COO in 2011 before landing at the head of the B2B Enterprise unit. According to reports, he was a key element of Hewlett-Packard’s eminent breakup, which is set for completion by November 1.
Veghte is also reportedly the second major executive to leave the company before the split. Top hardware executive David Donatelli reportedly left HP in March to join Oracle.
Because Veghte could not be reached for comment by reporters, it is unclear how much his departure is a direct consequence of the upcoming launch of Hewlett Packard Enterprise. But details of the company’s plans to halve itself are in general quite vague. Reports said that HP is expected to file documents with the Securities and Exchange Commission sometime this week that will provide further details of the business plan, which will yield a consumer PC and printing business in addition to the new enterprise company.
HP first revealed its plans to turn itself into two separate companies last month in an announcement made at the HP Discover 2015 conference. According to reports, Hewlett-Packard’s soon-to-be direct competitors in the enterprise space, like Oracle and IBM, are already criticizing HP’s plans and voicing doubt the company will become any more than a basic hardware services B2B firm.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More