HP/COMPAQ: Execs named to head merged company

The top executives are starting to be put in place for next year's proposed merger of Hewlett-Packard Co. and Compaq Computer Corp.

In an e-mail sent last Friday to HP employees, CEO Carly Fiorina announced that key executives were being chosen from each of the companies to lead the merged business when the deal is completed in the first half of next year.

Fiorina said Compaq chief technology officer Shane Robison will be the CTO and senior vice president for the merged company, while Compaq veteran Bob Napier will be CIO and senior vice president. Napier, who will be responsible for new HP's IT systems worldwide, is currently CIO at Compaq.

Dick Lampman, director of HP Labs, will remain in his job with the new company and will also be a senior vice president.

Other newly named HP leaders include: John Brennan, who will continue as vice president of the strategy and corporate development group; HP veteran Susan Bowick, who was named senior vice president of human resources; and Debra Dunn, who will move from being a vice president of strategy and corporate operations at HP to become a senior vice president of e-inclusion and community engagement.

Allison Johnson, vice president of global marketing and communications at HP, will become the senior vice president for brand and communications.

All will report directly to Fiorina, who will be CEO of the combined companies while Compaq CEO Michael Capellas will serve as president.

Announced last month, the merger will be an all-stock deal now worth about US$20 billion. The new company will continue to be known as Hewlett-Packard.

In her message to employees, which was provided today by a Compaq spokesman, Fiorina said the "selection decisions were not easy" because strong leaders were available from both companies.

None of the changes will come until after the merger of Houston-based Compaq and Palo Alto, Calif.-based HP is finalized next year, according to Fiorina.

A Compaq spokesman today said the information had been sent out last Friday to employees of the companies.

"This is all in the course of normal merger planning," the spokesman said of the executive realignments.

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