HP Merges PC Business with Printing Group
Current PSG executive vice president becomes the leader of the venture
HP has announced that it is going through with a major business decision, one that involves two of its biggest business outlets.To keep it simple, Hewlett-Packard has chosen to merge its Personal Systems Group, in other words its PC business, with the Imaging and Printing Group.
“Ensuring we have the right organizational structure in place is a critical first step in driving improved execution, and increasing effectiveness and efficiency,” said HP's CEO Meg Whitman.
“The result will be a faster, more streamlined, performance-driven HP that is customer focused and poised to capitalize on rapidly shifting industry trends.”
Currently, Todd Bradley holds the position of PSG executive vice president, while Vyomesh Joshi leads the Printing and imaging section.
The latter will retire after 31 years at the company, while the former will assume the leading role as part of the new division.
“VJ embodies the spirit of HP and his impact on the company has been tremendous,” Whitman said.
“Under his leadership, IPG accelerated innovation and pioneered solutions that transformed the printing market. We wish him the very best as he embarks on a new chapter in his life.”
HP hopes to make decisions more smoothly, increase productivity and improve efficiency, not to mention make it easier for consumers to find what they need and learn more about it.
“This combination will bring together two businesses where HP has established global leadership,” said HP's CEO Meg Whitman.
“By providing the best in customer-focused innovation and operational efficiency, we believe we will create a winning scenario for customers, partners and shareholders.”
In addition to the Personal Systems Group and the Imaging and Printing Group, HP is also unifying and streamlining other business functions.
For one, the Global Accounts Sales organization will join the newly named HP Enterprise Group. Also, all marketing functions will be merged and led by executive VP and chief marketing officer Marty Homlish. Go here to learn everything there is to know.
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