Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Investing decisions are made from a mosaic of data, yet synthesizing what matters can be tough. Enter the Fool poll. We show you the big headlines; you tell us what's factoring into your investing decisions and help your fellow Fools in the process.
Mark who? In what looks like a bid to purge all remnants of the Hurd era from Hewlett-Packard's (NYSE: HPQ ) institutional memory, new chief executive Leo Apotheker announced a series of executive changes yesterday. Let's review:
- Peter Bocian, who joined HP in 2008 after a brief stint at Starbucks, is out as chief administrative officer. He and Hurd worked together at NCR (NYSE: NCR ) for most of Hurd's 25 years at the company.
- Randy Mott, who joined HP from Dell (Nasdaq: DELL ) three months into Hurd's reign as CEO, is out as chief information officer.
- Ann Livermore, a 29-year vet of HP and one of the tech industry's most respected executives, is stepping down as head of HP's enterprise business and moving to the board of directors. Her duties will be split between Dave Donatelli (servers, storage, networking) and Bill Veghte (software). Both men are recent hires -- Donatelli in 2009, Veghte in 2010 -- and will join sales chief Jan Zadak in reporting directly to Apotheker from now on.
HP says in a press release that the changes align HP to "better capitalize on strategic market opportunities." Hogwash. Take it from a PR pro who used to write junk like that; these moves are Apotheker putting his imprimatur on the business and nothing more.
It's one of several steps he's taken and could still take. But is it the right one? I'm not sure. At one time, Livermore was the only internal candidate seriously considered to replace former HP chief Lew Platt.
If only she had. Instead, Platt's retirement led to four and a half years of disastrous stewardship under Carly Fiorina. Will Apotheker fare better? You tell us. Please vote in the poll below, and then leave a comment to tell us what you think of Apotheker's HP.