HP's chief strategy and technology officer retires

By Lee Kaelin on October 21, 2011, 11:30 AM

Hewlett-Packard's chief strategy and technology officer has announced his retirement this week, becoming the latest senior executive to leave the troubled company battling to rebuild its damaged credibility.

Shane Robison, 57, will step down as of November 1 ending his 11-years service at the company. He was a vital figure responsible for the long-term strategy at one of the US' largest technology companies. His strategic role also included mergers and acquisitions as well as research and development.

"Shane has been a powerful innovator for our business groups and other corporate divisions," HP CEO Meg Whitman said in a statement. "In an effort to drive strategy, research and development closer to the company's businesses, it will not be replacing the role of chief strategy and technology officer."

Shares of the company have dropped 17 percent since August, when HP announced plans to acquire Autonomy for $12 billion, and publicly revealed it was considering a spin-off or sale of its PC business. The former California governor candidate Meg Whitman was appointed chief executive last month after Leo Apotheker was fired due to a series of mishaps, including the poor job of convincing investors that he had not seriously overpaid for the British company, Autonomy.

Robison's departure has made many shareholders uneasy, sending shockwaves through the company and media as HP tries to regain the trust of customers and partners. HP now admits that talks about spinning-off or selling its PC division were premature and is rethinking whether to go ahead with it or not. A decision should come by the end of the month.




User Comments: 3

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Guest said:

HP board, CEO don't have a clue.

SammyJames said:

Guest said:

HP board, CEO don't have a clue.

I have no clue either. I give up. Truly -- HP is top-dog in PC sales, and yet they now have a CEO whose latest claim-to-fame was that she ran a failed campaign to become California's next governor. They keep on threatening to either spin-off or outright sell their PC line.

DOES NOT COMPUTE.

This is why I won't buy any more off-the-shelf PCs. I'm strictly buying parts and installing them myself.

aj_the_kidd said:

In an effort to drive strategy, research and development closer to the company's businesses, it will not be replacing the role of chief strategy and technology officer.

Considering their share price dropped, placing someone within that position who is very qualified, will help you achieve those goals not to mention give investors more confidence in the company. I guess that's why I'm not a CEO or a former Californian governor candidate

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