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HP Names John Hinshaw Executive Vice President, Global Technology and Business Processes(November 02, 2011)
PALO ALTO, CA -- (Marketwire) -- 11/02/11 -- HP (NYSE: HPQ) today announced that John Hinshaw has been appointed to the newly created position of executive vice president of Global Technology and Business Processes.
He will oversee information technology and shared and administrative services, including indirect and services procurement. Hinshaw also will be in charge of optimizing business processes across the company.
Hinshaw, age 41, comes to HP from The Boeing Company, where he was vice president and general manager of Boeing Information Solutions. There he was responsible for running a new high-growth business, which included delivering information solutions to the U.S. government.
Prior to that role he was global chief information officer responsible for the global IT strategy, operations, process and people. Prior to Boeing, Hinshaw was senior vice president and chief information officer at Verizon Wireless. Earlier in his career he also served as a consultant with Accenture.
Hinshaw will join HP as a member of its executive council on Nov. 15, reporting to Meg Whitman, president and chief executive officer, HP.
"John has an outstanding track record of process excellence and leading large, complex organizations," said Whitman. "I am confident that he will help position HP for the future through best-in-class IT and shared services administration."
HP also announced that Craig Flower has been promoted to senior vice president and chief information officer. Flower will be responsible for data management, application architecture, global business intelligence, sales, and product development and engineering applications. Flower has held a wide range of IT management positions within HP since 1984 spanning e-business, customer and sales operations, the Personal Systems Group and marketing. He will report to Hinshaw.
"Craig is a leader who has proven that he can simultaneously deliver more value to the business while achieving significant cost reductions," said Whitman. "His wide experience at HP will be key in driving new levels of business functionality."
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP is available at http://www.hp.com.
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, including execution of growth strategies, transformation initiatives and restructuring plans; 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 protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended July 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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