HP Announces New CEO, Enrique Lores
HP Inc. has announced that Dion Weisler has stepped down from his position as president and CEO after citing a “family health matter,” and noting that he will be returning home to Australia. The company has already named a successor following a unanimous vote from HP’s board of directors. President of Imaging, Printing and Solution, Enrique Lores will officially assume the position of CEO on Nov. 1, according to the press release.
“Enrique is an inspiring and proven business leader and is the right person to lead HP into the future,” said Chip Bergh, chair of HP’s board of directors. “Since the time of separation, the board has had an ongoing and diligent succession planning process that included vetting and benchmarking internal and external candidates. Through this rigorous process, Enrique emerged as the board’s unanimous choice as successor and we are confident he will build on the company’s progress and capitalize on new opportunities.”
Lores has dedicated 30 years of his life to HP, from his humble beginnings as an engineering intern to a prominent leader for the company’s Print, Personal Systems and Services businesses, and now as CEO. He has accomplished commendable feats throughout his career, including leading the Separation Management Office through one of the most complex corporate separations in business history.
“Thirty years ago, I was drawn to HP by the company’s unique ability to bring out the best of humanity through the power of technology,” said Lores. “The opportunities ahead are vast and the need for us to keep reinventing is more important than ever. I continue to be inspired by our customers, partners and employees, who are turning bold ideas into meaningful innovations. This is where we will set our sights for the future.”
HP has arranged for Weisler to work alongside Lores as he transitions into this new role through Jan. 2020. Weisler will also continue to serve on the company’s board of directors until the next annual meeting of stockholders.