Infotech Lead America: HP has announced major restructuring to its top management as part of its strategy to focus on channel partners and strengthen the company’s business in China.
Todd Bradley, who served as executive vice president, Printing and Personal Systems (PPS), HP, is assuming new role as executive vice president, Strategic Growth Initiatives at HP.
In his new role, Bradley will work directly with Meg Whitman, HP’s president and chief executive officer, on enhancing HP’s business in China and extending the company’s critical channel partner relationships around the world.
Bradley also will work with Whitman on identifying potential partnership opportunities with early-stage companies that can contribute to HP’s long-term growth.
Bradley also is deeply familiar with HP’s China operations and global supply chain. He received the prestigious Friendship Award from China in 2009, the highest accolade presented to foreign citizens who have made outstanding contributions to China’s development.
Dion Weisler, currently senior vice president for HP PPS in Asia Pacific and Japan (APJ), will step in to Bradley’s role as executive vice president, PPS, HP. He will report to Whitman and join the company’s executive council.
Weisler joined HP in January 2012. He has more than 23 years of experience in the IT industry. Prior to joining HP, Weisler was vice president and chief operating officer of Lenovo’s Product and Mobile Internet Digital Home Groups.
HP also appointed Nick Lazaridis to lead HP PPS—APJ on an acting basis until a permanent replacement is named. Lazaridis is currently chief operating officer of HP PPS—APJ, and is also responsible for the Personal Systems division in the region.
The restructuring happens at a time when HP reported decline in revenues. HP’s revenue declined 10 percent to $27.6 billion in Q2 FY 2013 from $30.7 billion in Q2 FY 2012. HP’s profit decreased 32 percent to $1.1 billion from $1.6 billion.
HP’s all main divisions – excluding networking division — showed negative growth in the second quarter. The company’s networking revenue increased 1 percent.
Recently IDC also revealed that companies like Dell, Lenovo and HP are facing tough 2013 as PC sales are expected to drop 8 percent.
On 22 February, HP said Personal Systems revenue declined 8 percent in Q1. Total units were down 5 percent with Desktops units up 10 percent and Notebooks units down 14 percent.