New chapter for Hewlett Packard Enterprise

Company president and CEO Meg Whitman celebrates the launch of the new enterprise-focused firm with partners

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New chapter for Hewlett Packard Enterprise Whitman says HP strengthened itself to make this separation possible.
By  Manda Banda Published  November 3, 2015

Hewlett Packard Enterprise president and CEO, and chairman of the Board for HP Inc Meg Whitman, yesterday celebrated the official launch of Hewlett Packard Enterprise by ringing the opening bell at the New York Stock Exchange (NYSE).

Whitman was joined at the NYSE by channel partners and customers, including Ingram Micro CEO Alain Monie.

The company is set to embark on a grand experiment to take the culture of innovation and invention to the next level, 76 years after Bill Hewlett and Dave Packard founded Hewlett-Packard in a Palo Alto garage.

The Hewlett and Packard legacy is one that HP employees and partners are taking to heart as the once $110bn company becomes Hewlett Packard Enterprise, a $53bn company with 252,000 employees focused on the enterprise computing market, and HP Inc, a $55bn company with more than 50,000 employees focused on the printing and personal computer market.

"It feels great," said Whitman, who took over as CEO of HP four years ago with the company facing severe financial pressures and intense criticism from partners and customers. "It has been a long journey and we have strengthened ourselves to where this separation is possible," said Whitman.

Whitman added that when she took over as CEO, [former CEO] Leo Apotheker had announced that maybe HP was considering spinning off the PC business. "That was not well received by partners and customers. Everyone was pretty worried about the future of the company and slowly but surely we have built back the innovation engine of HP. We have stabilised the company. We have got leadership in place. We have rebuilt trust with partners and customers," she enthused.

Whitman added that: "We have strengthened ourselves to where this separation is possible. The objective is to have these two companies go faster and further as two independent companies, obviously remaining very close friends and important partners to one another."

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