HP CEO steps down due to unspecified family health matter

[Shawn Knight]

In brief: Dion Weisler joined HP in 2012 and has been at the helm of HP Inc., the arm that focuses on consumer PCs and printing, ever since Hewlett-Packard split into two in November 2015.

HP Inc. on Thursday announced that Dion Weisler will step down as president and CEO due to a family health matter that’ll see him return home to Australia. No further details were provided on the health issue at hand.

Weisler thanked the entire team at HP, adding that his time as CEO has been the highlight of his career. “I’m incredibly proud of what we have achieved and equally confident in where we are heading as a company,” he said.

Effective November 1, Enrique Lores will take over for Weisler. Lores currently serves as president of HP’s imaging, printing and solutions business which had revenues of over $20 billion in fiscal 2018. He has been with the company for three decades, getting his start as an engineering intern and working his way up the corporate ladder over the years.

"The opportunities ahead are vast and the need for us to keep reinventing is more important than ever," Lores said.

Weisler will remain with the company through January 2020 to ensure a seamless transition.

HP Inc.’s stock is down more than six percent in after-hours trading on the news, highlighting the value of Weisler’s leadership.

Masthead credit: Phillip Faraone, Getty Images

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https://www.techspot.com/news/81575-hp-ceo-steps-down-due-unspecified-family-health.html

 

[toooooot]

It is a terrible thing to say this, but am I the only one that thought of this specific issue?

 

[Uncle Al]

You know, HP was at its highlight when they brought about the first electrostatic plotter back around 1994 but since then it just seems to stay on the decline by creating systems and maintenance plans that put the screws to the customer. They then went further by failing to support their printer line beyond 5 years causing people to have to go out and replace perfectly good and functional printers with new printers, especially when Win 10 came out.
I quit using them years ago, especially after an old girlfriend started telling me about some of the inner workings of their management. From her description, their management team consisted entirely of non-technical managers that spent more time with oneupmanship than they did improving the company.
Have to admit that when I read this one the first thing that popped into my head was "another one bites the dust", I just wonder how right I might be .....

 

[p51d007]

They bought the Samsung A3 size printer business from them, after Samsung needed the money for the bailout on the Note 7? "exploding phone" problem a few years ago. Most of the non ink A3 size printers, are Samsung copier/printers, with the HP interface. Some of them are ok, but the rest are junk.