HP Realigns Management to Pursue China and India

Hewlett-Packard Company HPQ, in an effort to sustain its wavering grasp on the technology sector, announced Monday that two managers would be leaving the company, with another executive joining the board. Executive vice president and chief administrative officer Pete Bocian and executive vice president and chief information officer Randy Mott will be leaving the company, HP said in a statement. Bocian's position will be eliminated, but a successor for Mott is under way. Ann Livermore, the current head of HP's enterprise business, will join the board. She brings nearly 30 years of experience at the company, and will step down from day-to-day operations in that division. According to a Reuters report, "Chief Executive Leo Apotheker, who took over at the world's No. 1 computer maker in September, is under pressure to turn around HP, which is struggling to hold onto its place in the technology sector. It trimmed its sales forecast for the second straight quarter last month.' HP has always been notable for its acquisitions - in 2010 alone, it bought Palm for $1.2 billion and 3PAR for $2 billion. This management shakeup appears to be an effort to bring new energy into directives focused on the Asia Pacific region, with China and India in particular. Todd Bradley, who previously led HP's Personal Systems Group, will now lead the company's growth in China. Vyomesh Joshi, head of the Imaging and Printing Group, will develop Indian business. Markets will keep close watch on shares of HP Tuesday, as the company has already been punished this year. Since hitting February highs of $49, the stock now sits at $34.65 as of Monday market close.