H-P Exec Churn Continues Under Apotheker's Realignment

Hewlett-Packard (NYSE:HPQ) announced late Monday that a veteran employee will move to its board of directors while two other executives will leave the company as part of its efforts to streamline operations.

Ann Livermore will be leaving her post as head of the H-P Enterprise Business after 29 years with the computer maker, but she will continue to serve as a member of the companys board. Livermore will serve as an interim head of HP Enterprise Services until a successor is named.

As part of the companys realignment announced in March, the company is streamlining its administrative operations, leading to the elimination of the chief administration officer position and broadening the role of its chief information officer.

The move, which H-P said will improve the companys focus on customer-facing businesses, is leading to the immediate layoff of Pete Bocian, currently the chief administrative officer, and Randy Mott, the companys chief information officer.

H-P said it will conduct a search for Motts successor.

H-P CEO Leo Apotheker has been under pressure to show a visible turnaround at the company since taking up the role in September. The company narrowed its sales forecast for the second straight quarter last month.

The Palo Alto, Calif.-based companys Bill Veghte, executive vice president of software, and Dave Donatelli, executive vice president of enterprise servers, storage, networking and technology services, will now report directly to Apotheker.

Jan Zadak, executive vice president of global sales, will also report directly to Apotheker.

These businesses play a vital role in our continued growth and success, and as such, Dave, Bill and Jan will report directly to me and help drive the overall direction for HP, Apotheker said in a statement.

The company head went on to note that it will continue to make necessary changes that streamline its operations and drive its focus on its critical markets in China and India.

Todd Bradley, executive vice president of personal systems group, and Vyomesh Joshi, executive vice president of imaging and printing group, will lead cross-business initiatives focused on expanding H-Ps market share in China and India, respectively.