/EIN News/ -- PALO ALTO, Calif., Jan. 31, 2019 (GLOBE NEWSWIRE) -- Hewlett Packard Enterprise (NYSE: HPE) today announced that Jean Hobby, who most recently served as Global Strategy Officer for PricewaterhouseCoopers LLP (“PwC”), has been appointed as a member of Hewlett Packard Enterprise's Board of Directors, effective immediately. The company also announced that Meg Whitman will not stand for reelection to the Board of Directors as her other professional commitments grow. “We are delighted that Jean is joining the HPE Board,” said Pat Russo, Chairman of the Board of Directors, HPE. “Jean brings to HPE a broad set of leadership skills and important experience in finance, strategic operations and technology. And, I thank Meg for her long dedication to HPE, helping us successfully launch as an independent company and execute a smooth leadership transition. We wish her every success in the future.” Jean Hobby to Join HPE Board of … [Read more...] about Hewlett Packard Enterprise Announces Changes to Board of Directors
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SAN FRANCISCO — Less than a year after a landmark split halved Hewlett Packard into two $50 billion companies, the software half is at it again.Hewlett Packard Enterprise (HPE), run by Meg Whitman, late Tuesday said it was spinning off its enterprise services business, and merging it with Computer Sciences Corp. (CSC), to create an IT services firm with $26 billion in annual sales.The unexpected news sent HPE shares soaring 13% to $18.40 in early trading Wednesday. . CSC shares rocketed 31%, to $46.66.The deal for the new entity, which Whitman jokingly called CSCES, is expected to close in March 2017. CSC is a major provider of services to the U.S. government. News of the spin-off came while HPE released its financial results at the close of markets Tuesday.The "spin-merger," as HPE CEO Whitman calls it, "unlocks value" for HPE and its shareholders, she said. HPE and CSC had been talking for three months about such an arrangement to … [Read more...] about HPE to spin off enterprise services, merge unit with CSC
The big shareholder groups in Hewlett Packard Enterprise Company (NYSE:HPE) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned. With a market capitalization of US$19b, Hewlett Packard Enterprise is rather large. We'd expect to see institutional investors on the register. Companies of this size are usually well known to retail investors, too. Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. Let's delve deeper into each type of owner, to discover more about HPE. View our latest analysis for Hewlett Packard Enterprise What Does The Institutional Ownership Tell Us About Hewlett Packard Enterprise? Many institutions measure their performance against an index that approximates the local market. So they … [Read more...] about How Many Hewlett Packard Enterprise Company (NYSE:HPE) Shares Do Institutions Own?
SAN FRANCISCO — For the past year, the tech industry shunned Donald Trump, and he shamed it. Now, the president-elect and the $2.9 trillion sector find themselves thrust into a shotgun marriage."Much of the business is in a wait-and-see mode," says Meg Whitman, CEO of Hewlett Packard Enterprise, one of the largest tech companies in the world and a Hillary Clinton supporter. "We adapt and make the most of the situation."Many in tech supported Hillary Clinton, and they expected her to win. With Trump as president-elect, they are hastily revising plans.One difficulty: Trump has no discernible tech plan nor has he openly courted tech executives. For those in Silicon Valley and beyond, he is the great unknown, and his potential cabinet is creating fears of restrictions on skilled immigrant workers, weakened cybersecurity, punishing tariffs on products made in China, and unrelenting pressure to bring more manufacturing jobs to the U.S.“Most of … [Read more...] about Tech tries to get Trump’s ear after shunning him during campaign
Meg Whitman, who oversaw a huge restructuring at Hewlett Packard Enterprise, will step down as its CEO on Feb. 1, 2018.HPE's current president Antonio Neri will keep that title, become CEO and join HPE's board of directors. Whitman will remain on the board also.Four years after taking over Hewlett Packard in 2011, the former eBay CEO split the Silicon Valley giant into two $50 billion divisions, one focused on printers and PCs (it kept the HP name) and another on servers and storage (HPE). Since then, HPE has spun off its enterprise services business and merging its enterprise software business. "It is absolutely the right time for Antonio and a new generation of leaders to take the reins," Whitman said in a conference call Tuesday with analysts. "I think I have added a lot of value here in terms of shareholder value creation, financial restructuring, ignition of the innovation engine. But the next CEO of this company needs to be a deeper technologist, and that's … [Read more...] about Meg Whitman to step down as Hewlett Packard Enterprises CEO on Feb. 1