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HP Names Marc Levine Senior Vice President and Controller(March 23, 2012)
PALO ALTO, CA -- (Marketwire) -- 03/23/12 -- HP (NYSE: HPQ) today announced that Marc Levine has been elected to the position of senior vice president and controller, effective May 1.
In this role, Levine will help drive financial discipline across HP. He will report to Cathie Lesjak, executive vice president and chief financial officer, HP.
"Marc has tremendous business acumen, deep knowledge of HP and a broad set of experiences, all of which have been critical to the company in recent years," said Lesjak. "We are excited about the leadership he will bring to the position as we work to drive financial discipline across the company."
Levine was most recently senior vice president of Finance for HP Enterprise Services. He has been with HP since 1988 and has held leadership positions in Finance supporting Global Sales, Enterprise Solutions and the HP Enterprise Business.
Levine's background also includes experience with HP in the Asia Pacific region, and regional finance, administrative and business development leadership roles for HP's Medical Products organization before the business became part of Agilent Technologies. In addition, Levine served as general manager of the Southeast Asia region for HP's Medical Products business.
Levine will succeed Jim Murrin, who has been appointed to the role of senior vice president and general manager, End-User Workplace and Managed Network Services, HP Enterprise Services.
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 to solve customer problems. 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 cost reduction programs and restructuring and integration 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 cost reduction programs and restructuring and integration 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 January 31, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2012 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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