Investor Newsletter
Investor Newsletter from Jim Burns, announcing new IR team members.
Today, Cathie Lesjak announced changes to Hewlett-Packard's Investor Relations team. I will be transitioning into a new position as VP of Finance for HP's Enterprise Business led by Ann Livermore. Following a careful search of highly qualified candidates, Steve Fieler has accepted the role of Vice President of Investor Relations.
Steve brings excellent finance credentials and business experience from inside and outside the company to this role. Steve can be reached at my former phone number, 650-857-3009, or at steven.fieler@hp.com. In addition, Cliff Wagner has rotated out of his position as Director of Investor Relations into a new role in Personal Systems Group.
These are excellent rotational opportunities for Steve and Cliff that will broaden their experience and leadership abilities and strengthen HP's executive team overall. To ensure a smooth transition and knowledge transfer, I will manage HP's Q3 2010 earnings cycle and shift responsibilities to Steve over the next several months.
We have also hired Catriona Fallon and Charly Kevers into the Investor Relations organization. They will be working closely with the team for the next few weeks to prepare for their new responsibilities. Beth Howe, Amar Maletira and Nancy Keller are remaining on the IR team.
I have thoroughly enjoyed my experience in Investor Relations over the past several years and appreciated the relationships I forged with you. I assure you that the new team will continue to work hard to meet your expectations through this transition and beyond.
Regards,
Jim
CATHIE LESJAK
Executive Vice President and Chief Financial Officer
Worldwide Finance
I am pleased to announce that Steve Fieler has accepted the role of Vice President of Investor Relations, reporting directly to me. Steve replaces Jim Burns, who has been named Vice President of Finance for Enterprise Business. Jim now supports Ann Livermore, who leads Hewlett-Packard’s storage, server, software and services businesses. Jim will manage HP’s Q3 2010 earnings and will work with Steve to facilitate a smooth transition of responsibilities prior to our Q4 earnings release. Steve will be based in Palo Alto, CA and can be reached at 650-857-3009.
Steve joins Investor Relations from HP Software and Solutions (HPSS) where he held several leadership roles across Sales and Marketing. Most recently, Steve was responsible for Worldwide Field Operations where he helped drive the efficiency and effectiveness of the global software sales force. Prior to HPSS, Steve was Senior Director of Strategy & Corporate Development where he drove various M&A and strategy projects, including approximately $7 billion of software acquisitions from 2004-2008.
Prior to joining HP, Steve was an executive at a venture-backed software company and a venture capitalist at Thomas H. Lee, Putnam Ventures. Steve began his career at General Electric Company, rotating through several finance roles across different geographies and GE businesses. Steve holds an MBA degree from Harvard Business School and a BA degree in Economics and International Relations from Brown University.
In addition, Catriona Fallon and Charly Kevers will be joining the Investor Relations team, reporting to Steve. Catriona begins immediately and Charly will start on September 1.
Catriona was most recently Director of Strategic Intelligence at HP where she led numerous strategic and competitive analyses across our businesses. Prior to HP, she spent seven years on Wall Street, most recently at Citi Investment Research as an Equity Analyst covering software, technology and media companies. She was recognized in Best on the Street Analysts Survey by the Wall Street Journal in 2008. Before Citi, Catriona worked as a consultant at McKinsey & Company and in marketing at Oracle. She holds an MBA degree from Harvard Business School and a BA degree in Economics from the University of California at Los Angeles.
Charly currently works in Strategy & Corporate Development supporting key acquisitions for HP and leading portfolio reviews and operational efficiency initiatives. Previously, Charly was an associate in J.P. Morgan’s Mergers & Acquisitions group, where he focused on technology and healthcare transactions. Prior to that, he was a manager at Samsung and a consultant for L.E.K. Consulting. Charly earned an MBA degree from INSEAD and a master’s degree in Finance from ESCP Europe.
Finally, I am announcing that Cliff Wagner, who was previously Director of Investor Relations, has rotated into the role of Vice President of Customer Experience and Warranty Support for Personal Systems Group in the Americas. In this new assignment, Cliff will have responsibility for PC support and warranty for all segments in the region.
Beth Howe, Amar Maletira and Nancy Keller are remaining on the IR team.
Please join me in welcoming Steve, Catriona and Charly as they assume their new roles in Investor Relations and thanking Jim and Cliff for their service and wishing them the best in their new assignments.
Regards,
Cathie
This newsletter contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP and its consolidated subsidiaries may 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 any projections of revenue, margins, expenses, earnings, tax provisions, cash flows, benefit obligations, share repurchases, acquisition synergies, currency exchange rates or other financial items; any statements of the plans, strategies and objectives of management for future operations, including execution of cost reduction programs and restructuring plans; any statements concerning the expected development, performance or market share relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; 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; execution and performance of contracts by HP and its suppliers, customers and partners; the challenge of managing asset levels, including inventory; the difficulty of aligning expense levels with revenue changes; assumptions related to pension and other post-retirement costs; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring plans; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2010 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, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.