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HP's Interim Chief to Stay the Course

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In the wake of CEO Mark Hurd’s sudden departure amid harassment claims, HP’s interim chief, Cathie Lesjak, said that the company will not alter a number of key initiatives nor change its long-term strategy and won’t “miss a beat” in its financial performance, according to this report from ITChannelPlanet.


“Prior to his resignation on August 6, Hurd was closely involved in several key projects tied to HP’s (NYSE: HPQ) overall strategy and execution, including examinations of the company’s supply chain, services, printing and imaging operations, and research and development investments, Lesjak said.

“Still on the table are plans to extend the vendor’s “pan-HP supply chain,” optimize “services synergies” from the EDS acquisition, drive “operational excellence within our printing and imaging business,” and make “the right research and development investments across our entire portfolio,” Lesjak said.

“‘Mark was a strong leader but at the end of the day, he didn’t drive the initiatives, it was the organization that supported Mark that drove those initiatives and they’ll be no change in those,’ she said.

“Last Friday, HP issued a bullish guidance for its fiscal fourth quarter--projecting revenue of $32.5 billion to $32.7 billion and per share earnings in a range of $1.03 to $1.05—and for the full year—predicting sales in a range from $125.3 billion to $125.5 billion with per share earnings of about $3.62 to $3.64.”

Read the Full "HP Expects No Changes to Key Initiatives or Strategy in Hurd’s Wake" Story at ITChannelPlanet.

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