Meg Whitman’s pay package fell 13 percent in 2015 as she managed the split of Hewlett-Packard Co. into two companies – HP Enterprise and HP Inc — and changed her leadership roles, Bloomberg reports.
Meg Whitman received total compensation of $17.1 million in the 2015 fiscal year compared with $19.6 million in the previous year. While Meg Whitman’s compensation package declined, it was close to her 2013 total pay of $17.6 million.
Following the spilt, Meg Whitman became chief executive officer of Hewlett Packard Enterprise Co., which targets businesses with products such as servers and services, and is the chairperson of HP Inc., which sells tablets, laptops, desktop computers and printers.
Annual pay to Dion Weisler, the CEO of HP Inc. increased 39 percent to $18.7 million while he was executive vice president for the combined company’s printing and personal systems group.
Meg Whitman, who joined HP as CEO in 2011, handled the split of the IT and device company, saying the two businesses could find better success as independent entities. The separation is aimed at giving the two companies more flexibility to respond to changing markets and compete with the likes of Dell and Lenovo Group.
Dion Weisler, who had previously been living in Singapore, received relocation benefits as part of a move to Palo Alto, California, where the company is based. The benefits included $2.4 million for the move and $9.1 million for tax equalization, said HP.