Press Release: September 30, 2008

HP Hires Lynn Pendergrass as Senior Vice President of Imaging and Printing Group for Americas Region

PALO ALTO, Calif., Sept. 30, 2008

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HP today announced the appointment of Lynn Pendergrass as senior vice president for the Americas region of its Imaging and Printing Group (IPG), which includes the United States, Canada, Mexico, Latin America and the Caribbean.

She will have responsibility for maximizing the group’s profit and revenue growth in the Americas region, extending its market leadership position, driving HP’s company-wide consumer go-to-market activities and ensuring a superior customer experience. She will oversee all IPG sales as well as its operational supply chain, marketing, consumer support and category management activities.

Pendergrass, 48, comes to HP from GE. She will be based in San Diego and report to Vyomesh Joshi, executive vice president of IPG. Her appointment is effective Oct. 20.

“Lynn has an impressive track record of driving profitable growth for fast-paced, global organizations,” said Joshi. “Her ability to look at products from the customer’s perspective while promoting innovation will help us create and execute aggressive growth strategies.”

In November 2005, Pendergrass assumed the role of president and chief executive officer of GE’s Consumer & Industrial (C&I) Americas unit, a $10 billion annual revenue business. In this position, she had direct responsibility for all commercial-related activities for appliances, lighting and industrial products throughout North America as well as profit and loss responsibilities, including manufacturing and technology, for all activities within the Americas. She also has had business-wide responsibility for GE C&I’s global product management and marketing activities, and led its Consumer Home Services business. 

Pendergrass holds both a Bachelor of Science and Master of Science in chemical engineering from the University of Louisville. She replaces Lee Ray Massey, who is retiring following 28 years of service at HP.

About HP

HP, the world’s largest technology company, provides printing and personal computing products and IT services, software and solutions that simplify the technology experience for consumers and businesses. HP completed its acquisition of EDS on Aug. 26, 2008. More information about HP (NYSE: HPQ) is available at

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

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About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at