The confirmed date for the OEM’s division into HP Inc. and HP Enterprise is 1 November 2015.
Computing.co.uk reported on HP’s “divorce” into two separate companies officially taking place from 1 November this year. The Recycler reported in March on HP’s plan to split into two separate companies – HP Enterprise and HP Inc. – in November, having announced the split last October.
The PC and printing side, HP Inc., will be run by Dion Weisler as President and CEO, whilst Meg Whitman will be President and CEO of Hewlett-Packard Enterprise, the software and services side. HP Inc. will aim to deliver “innovations that will empower people to create, interact and inspire”, whilst Hewlett-Packard Enterprise will “define the next generation of technology infrastructure, software and services for the new style of IT”.
The headquarters in Palo Alto, California are set to diverge between the two companies, and Whitman was quoted as telling shareholders that “as we go around the world, each location will be divided between HP Inc. and HP Enterprise”. HP Inc. will also retain the HP logo, while HP Enterprise was revealed in April to be receiving a new logo to help customers “focus on the enterprise, both large and small” as it explores “agility, openness and partnership”.
Computing.co.uk stated that the separation “had been mooted before Whitman was appointed CEO in 2011”, and the official date of the split was revealed in an announcement “to investors at the company’s annual meeting”. The split is forecast to cost the OEM between $2 billion (€1.7 billion) and $3 billion (€2.6 billion), with $1.3 billion (€1.1 billion) set aside for “accountancy fees, consulting, legal and real estate” for this financial year and $500 million (€449 million) for “similar costs in the next financial year”.
HP Chief Financial Officer Cathie Lesjak, who was recently revealed to become HP Inc.’s CFO, stated that “both sides of HP will continue to shed jobs”, with 55,000 cuts slated in total.