logo
Share SHARE
FONT-SIZE Plus   Neg

HP Realigns To Create Printing And Personal Systems Group - Quick Facts

HP (HPQ) announced an organizational realignment to improve performance and drive profitable growth across the entire HP portfolio. HP said its Imaging and Printing Group or IPG and its Personal Systems Group or PSG are joining forces to create the Printing and Personal Systems Group, while the combined entity would be led by Todd Bradley, who has served as the executive vice president of PSG since 2005.

Vyomesh Joshi, executive vice president of IPG, is retiring after a highly accomplished 31-year career at HP.

The company said that combining these two entities would rationalize its go-to-market strategy, branding, supply chain and customer support worldwide. HP said this realignment is anticipated to provide opportunities for cost savings and accelerate HP's ability to pursue profitable growth and reinvest in the business. Further to combining PSG and IPG, HP also is taking steps to unify and streamline certain key business functions.

Also, HP said it would unify its Marketing functions across business units under Marty Homlish, executive vice president and chief marketing officer, HP.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Best Buy Co., Inc. (BBY) reported first-quarter non-GAAP earnings per share from continuing operations of $0.44, an increase of 19% from $0.37, a year ago. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically... Automotive parts retailer AutoZone, Inc. on Tuesday reported a 6 percent increase in profit for the third quarter from last year, reflecting growth in sales and higher inventory on new store openings. However, both revenue and earnings per share for the quarter missed analysts' expectations. Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, reported second-quarter net income of $89.1 million, or $0.51 per share, compared to $67.9 million, or $0.37 per share, prior year. Pre-tax income increased to $140.4 million from $86.5 million. On average, 18 analysts polled by...
comments powered by Disqus
Follow RTT