Hewlett Packard Enterprise (HPE) announced the resignation of Meg Whitman, chief executive officer, and the appointment of Antonio Neri, current president of HPE, as the new president and CEO.
HP hired Meg Whitman in 2011 to turn around the enterprise networking and devices company. Meg Whitman steered the split of HP into two: HPE and HP Inc. HPE said Meg Whitman will be on the board of the company.
HPE today reported sales of $28.9 billion (–4.7 percent) in the fiscal 2017 and $7.7 billion (+4.6 percent) in Q4.
“Hewlett Packard moves forward as four industry-leading companies that are each well positioned to win in their respective markets,” Meg Whitman said.
Meg Whitman has executed against a 5-year turnaround strategy that has repositioned the company to better compete and win in today’s environment.
The company rebuilt its balance sheet, reignited innovation, strengthened operations and improved customer and partner satisfaction. It made strategic moves to focus and strengthen its portfolio, including its separation from HP Inc., which was the largest corporate separation in history.
Meg Whitman led the subsequent spin off and mergers of HPE’s Enterprise Services and Software businesses, as well as strategic acquisitions including Aruba, SGI, SimpliVity and Nimble Storage.
Since the birth of HPE on November 2, 2015, the company has delivered a total shareholder return of 89 percent, which is more than three times that of the S&P 500.
Antonio Neri, 50, joined HP in 1995 as a customer service engineer in the EMEA call center. He went on to hold various roles in HP’s Printing business and then to run customer service for HP’s Personal Systems unit.
In 2011, Antonio Neri began running the company’s Technology Services business, then its Server and Networking business units, before running all of Enterprise Group beginning in 2015.
As the leader for HPE’s largest business segment, comprising server, storage, networking and services solutions, Antonio Neri was responsible for setting the R&D agenda, bringing innovations to market, and go-to-market strategy and execution.
Antonio Neri was appointed president of HPE in June 2017. In addition to leading the company’s four primary lines of business, as president, Neri has been responsible for HPE Next, a program to accelerate the company’s core performance and competitiveness.
HPE’s strategy is to focus on making Hybrid IT simple through its offerings in data center, software-defined infrastructure, systems software, private cloud and through cloud partnerships. Aruba, which offers campus and branch networking, and the Industrial Internet of Things (IoT) with products like Edgeline and its Universal IoT software platform, is the next focus area. Services are the next focus area.