Hewlett Packard Enterprise Announces Antonio Neri to Succeed Meg Whitman as Chief Executive Officer
November 21 2017 - 4:06PM
Hewlett Packard Enterprise (NYSE:HPE) today announced that,
effective February 1, 2018, Antonio Neri, current President of HPE,
will become President and Chief Executive Officer, and will join
the HPE Board of Directors. Meg Whitman, current Chief
Executive Officer, will remain on the HPE Board of Directors.
“I’m incredibly proud of all we’ve accomplished since I joined
HP in 2011. Today, Hewlett Packard moves forward as four
industry-leading companies that are each well positioned to win in
their respective markets,” said Meg Whitman, CEO of HPE. “Now is
the right time for Antonio and a new generation of leaders to take
the reins of HPE. I have tremendous confidence that they will
continue to build a great company that will thrive well into the
future.”
Meg Whitman was appointed President and CEO of HP in September
2011. Since then, she has executed against a five-year
turnaround strategy that has repositioned the company to better
compete and win in today’s environment. Under her leadership,
the company rebuilt its balance sheet, reignited innovation,
strengthened operations and improved customer and partner
satisfaction. It also made strategic moves to focus and
strengthen its portfolio, most notably its separation from HP Inc.,
which was the largest corporate separation in history. She
also 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.
Under Whitman’s leadership, significant shareholder value has
been created, including nearly $18 billion in share repurchases and
dividends. 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.
“During the past six years, Meg has worked tirelessly
to bring stability, strength and resiliency back to an iconic
company,” said Pat Russo, Chairman of HPE’s Board of Directors.
“Antonio is an HPE veteran with a passion for the company’s
customers, partners, employees and culture. He has worked at Meg’s
side and is the right person to deliver on the vision the company
has laid out.”
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, 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, Neri was responsible for setting the R&D agenda,
bringing innovations to market, and go-to-market strategy and
execution. 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.
“The world of technology is changing fast, and we’ve architected
HPE to take advantage of where we see the markets heading,” said
Antonio Neri, President of HPE. “HPE is in a tremendous position to
win, and we remain focused on executing our strategy, driving our
innovation agenda, and delivering the next wave of shareholder
value.”
HPE’s strategy is based on three pillars. First, making
Hybrid IT simple through its offerings in the traditional data
center, software-defined infrastructure, systems software, private
cloud and through cloud partnerships. Second, powering the
Intelligent Edge through offerings from Aruba in Campus and Branch
networking, and the Industrial Internet of Things (IoT) with
products like Edgeline and its Universal IoT software platform.
Third, providing the services that are critical to customers today,
including Advisory, Professional and Operational
Services.
About Hewlett Packard Enterprise Hewlett
Packard Enterprise is an industry leading technology company
that enables customers to go further, faster. With the industry's
most comprehensive portfolio, spanning the core data center to the
cloud to the intelligent edge, our technology and services help
customers around the world make IT more efficient, more productive
and more secure.
Forward-looking statements This document
contains forward-looking statements within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such statements involve risks, uncertainties and
assumptions. If such risks or uncertainties materialize or such
assumptions prove incorrect, the results of Hewlett Packard
Enterprise could differ materially from those expressed or implied
by such forward-looking statements. All statements other than
statements of historical fact are statements that could be deemed
forward-looking statements, including any statements of the plans,
strategies and objectives of Hewlett Packard Enterprise for future
operations; other statements of expectation or belief; and any
statements of assumptions underlying any of the foregoing. Risks,
uncertainties and assumptions include the possibility that expected
benefits may not materialize as expected and other risks that are
described in Hewlett Packard Enterprise's filings with the
Securities and Exchange Commission, including but not limited to
the risks described in Hewlett Packard Enterprise's Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q. Hewlett Packard
Enterprise assumes no obligation and does not intend to update any
forward-looking statements.
Editorial contact
Kate
Holdernesscorpmediarelations@hpe.com
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