Press Release: February 23, 2010

HP Announces Leadership Changes in Enterprise Business

PALO ALTO, Calif., -- HP today announced that it has appointed Tom Iannotti, currently managing director and senior vice president of Americas and Enterprise Business at HP, to lead HP Enterprise Services. Joe Eazor, who currently runs Enterprise Services, will become senior vice president of Corporate Growth Initiatives in the Office of Strategy and Technology at HP. Both changes are effective immediately.

In his new position, Iannotti will be responsible for driving growth in HP Enterprise Services, which delivers applications, business processing and outsourcing services. Iannotti previously managed services for Compaq and HP and has over 30 years of global and regional leadership experience in the Americas, Europe and Asia. He will continue to report to Ann Livermore, executive vice president of the HP Enterprise Business.

In his new capacity, Eazor will be responsible for driving HP’s ongoing growth strategy in China, India and South East Asia. He will work closely with the region and country team to expand HP’s corporate presence and strength in this geography. He will report to Shane Robison, HP executive vice president and chief strategy and technology officer.

HP’s Asia Pacific business continues to experience strong growth. In the recently reported fiscal first quarter, HP’s revenue in the Asia Pacific region rose 26 percent year over year. China also has been a bright spot for the company.

“This strategic transition enables these talented executives to draw on their significant skills and experience to drive HP’s growth across our businesses,” said Livermore. “Tom is a natural leader and is ideally suited to expand our share of the services market. Joe’s experience in driving the integration of EDS as well as his deep knowledge of Asia Pacific are ideal as HP expands its footprint in this critical geography.”

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