HP's Interim Chief to Stay the Course
In the wake of CEO Mark Hurds sudden departure amid harassment claims, HPs interim chief, Cathie Lesjak, said that the company will not alter a number of key initiatives nor change its long-term strategy and wont 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 HPs (NYSE: HPQ) overall strategy and execution, including examinations of the companys supply chain, services, printing and imaging operations, and research and development investments, Lesjak said.
Still on the table are plans to extend the vendors 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 didnt drive the initiatives, it was the organization that supported Mark that drove those initiatives and theyll 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 $1.05and for the full yearpredicting sales in a range from $125.3 billion to $125.5 billion with per share earnings of about $3.62 to $3.64.
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