Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade HPQ now with 

HP (HPQ: Quote) 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.

Click here to receive FREE breaking news email alerts for Hewlett-Packard Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections. Stocks are showing a lack of direction in early trading on Friday after ending the previous session sharply higher. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves. While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.