The recent announcement by Hewlett-Packard president and CEO Meg Whitman that the company was going to split and become two companies should have no impact on the company’s printing customers, according to company officials.
In a deal scheduled to be finalized by the end of 2015, HP will split into two publicly traded, Fortune 50 companies: Hewlett-Packard Enterprise and HP Inc.
Hewlett-Packard Enterprise will be comprised of the company’s computer servers, information storage, networking, converged systems, services and software businesses, as well as its OpenStack Helion cloud platform.
HP Inc. will become the umbrella company for its personal systems and printing equipment businesses, including those serving the signage and commercial graphics markets.
Dion Weisler, executive vice president of HP’s printing and personal systems business, will lead HP Inc. as president and CEO. Whitman will serve as non-executive chair of HP Inc.’s board of directors.
“Since assuming responsibility for the printing and personal systems group, Dion and his leadership team have done an excellent job of building our relationships with customers and channel partners, segmenting the market and driving product innovation,” Whitman writes in a statement announcing the split. “The creation of HP Inc. will only accelerate the progress the team has made.”
Weisler says in the same announcement that HP Inc. will be a much more nimble stand-alone company.
“This is a defining moment in our industry as customers are looking for innovation to enable workforces that are more mobile, connected and productive, while at the same time allowing a seamless experience across work and play,” writes Weisler. “As the market leader in printing and personal systems, an independent HP Inc. will be extremely well positioned to deliver that innovation across our traditional markets as well as extend our leadership into new markets like 3-D printing and new computing experiences – inventing technology that empowers people to create, interact and inspire like never before.”
A company spokeswoman confirmed that “it will be business as usual for HP Graphics Solutions Business customers once GSB is brought under HP Inc.”
HP’s split comes in the fourth year of what the company is calling a five-year turnaround plan. In announcing the split the company also says it will continue the layoffs that it started back in 2012. The number is now expected to reach about 55,000 workers, or 18 percent of its global work force.
Once the split is complete Whitman will take over as president and CEO of Hewlett-Packard Enterprise. Patricia Russo, currently lead independent director of HP and the former CEO of Alcatel-Lucent, will take the position of chair of Hewlett-Packard Enterprise.