Top News
Titans Adoree' Jackson has a knack for home decor  ||   Domestic violence red flags are easy to find in coaches’ pasts, but did NFL teams spot them?  ||   Modi takes potshots at Pawar over Pak remarks, lauds Fadnavis  ||   No economic crisis in India, government taking steps to make it stronger: Prakash Javadekar  ||   Meghan McCain defends Sean Spicer's 'DWTS' casting: 'He's got kids to put through college'  ||   Washington Monument reopens, iOS 13 rollout: 5 things you need to know Thursday  ||   Must-see TV: Titans CB Adoree' Jackson has designs that go beyond the NFL  ||   Mamata Banerjee meets Amit Shah, raises Assam NRC issue  ||   Washington Monument reopens, iOS 13 rollout: 5 things you need to know Thursday  ||   Rahul Gandhi should apologise for failing to waive farm loans in 10 days: Digvijaya Singh's brother  ||   Will create new paradise in Kashmir: PM Modi  ||   Israelis vote for the second time in less than six months  ||   Benjamin Netanyahu's fate uncertain after no clear winner in Israel vote  ||   Process of cancelling land rights granted to Robert Vadra's firm started: Haryana official  ||   Uddhav, Fadnavis firm on alliance, talks in progress: Sanjay Raut  ||   Imelda brings heavy rain and tornadoes to Texas  ||   Why Indians are still 'sent to gas chambers to die'  ||   Shiv Sena won't breakup with BJP, will accept whatever is offered: Congress  ||   INX Media scam: CBI seeks extension of P Chidambaram's judicial custody  ||   Defence minister was happy, comfortable during the sortie: Air Vice Marshal N Tiwari  ||            

HP Inc. CEO Dion Weisler stepping down Nov. 1 and will be succeeded by Enrique Lores  3 Weeks ago

Source:   USA Today  

SAN FRANCISCO — HP Inc. is losing the chief executive who has been leading the personal computer maker since it broke off as a separate company four years ago.

The Palo Alto, California, company says CEO Dion Weisler will step down from the job Nov. 1 because of an undisclosed family issue. He will be succeeded by Enrique Lores, who currently oversees an HP division that includes its highly profitable business of selling ink for the company's printers.

Weisler joined HP in 2012 and became CEO in 2015 when the company split is PC and printer operations from its businesses specializing in business software. That part is now known as Hewlett Packard Enterprise and was run by former California gubernatorial candidate Meg Whitman until her departure from that post last year.

HP's shares fell 6% to $17.72 in extended trading Thursday after the news of Weisler's impending departure came out. The reaction, however, may have been driven by the release of HP's financial results for its fiscal third quarter and outlook for the current three-month period ending in October.

The company's earnings for the past quarter exceeded analyst estimates that steer investor expectations, but HP's guidance might lag analyst projections for the current quarter.

More News
About Us Terms & Conditions Disclaimer
Advertise Contact
register and win

NRIS.COM is one of the premier NRI website that provides a range of resourceful services to Indian expats residing in the USA. Visiting the site you will find comprehensive information related to restaurants, casinos, pubs, temples, carpool, movies, education, real estate, and forums. The simple and easy to navigate format allows NRIs to gain information within a fraction of a second. Moreover, advertising through its column of Indian free classifieds in USA allow businesses to improve visibility of their brand.

NY NRI's Chat (0 Users Online)