Press Release: March 30, 2011
Topics: Financial

HP Appoints Brian Humphries to Lead New Growth Markets Organization

PALO ALTO -- HP today appointed Brian Humphries to lead the company’s strategy for accelerating revenue opportunities in the world’s fastest growing economies.

Developing business internationally is one of the key elements of HP’s growth strategy outlined by HP president and chief executive officer Léo Apotheker on March 14.

As senior vice president of the newly created Growth Markets Organization, Humphries will lead a team responsible for creating specialized go-to-market strategies, technology solutions, and customer, partner and public sector relationships that meet the unique needs of rapidly developing markets.

The Growth Markets Organization will initially focus on expanding HP’s business in 60 countries across Africa, Southeast Asia, Eastern Europe, and Central and South America. The group will report to Shane Robison, executive vice president and chief strategy and technology officer at HP.

“Fast growing economies represent a significant long-term business opportunity for HP and an important component of our growth strategy,” said Apotheker. “Brian’s proven track record, excellent leadership skills and broad international experience will help us drive strong business results in these markets and fuel HP’s growth.”

Humphries most recently served as senior vice president of Strategy and Corporate Development at HP, overseeing strategic initiatives to improve efficiency and drive growth, including the planning and execution of all mergers and acquisitions, post-merger integration, corporate ventures and strategic intelligence.

Previously, Humphries served as vice president of Finance for HP Services and HP’s vice president of Investor Relations. During his 15-year career with HP, Compaq and Digital Equipment, Humphries has held a broad range of positions with multiple organizations on three continents.

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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; any statements regarding 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 macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2011 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, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2011 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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