Compaq's Second-In-Command Leaves

BOSTON (05/08/2000) - Enrico Pesatori, who was widely regarded as the No. 2 executive at Compaq Computer Corp., has resigned from the computer maker.

The former senior vice president and group general manager of Compaq's enterprise solutions and services group (ESSG) will take over as CEO at Synaxia Networks Corp., a Mountain View, California, maker of network storage technology.

In a prepared statement announcing Pesatori's resignation on Friday, Compaq CEO Michael Capellas also detailed other high-level organizational changes in the enterprise group that Pesatori had been leading.

Under the changed structure, the heads of Compaq's Industry Standard Servers, Business Critical Servers, and Storage Products groups now report directly to Capellas.

In addition, Compaq has merged Compaq's services organization - which also used to be Pesatori's responsibilty - with its worldwide sales organization headed by Peter Blackmore, a senior vice president at the company. Compaq's Consumer Group and Commercial Personal Computing Group remain unchanged in the wake of Pesatori's departure.

Pesatori's exit comes at a time when Compaq is struggling to grow its crucial enterprise hardware and services business. Terry Shannon, editor of the "Shannon Knows Compaq" newsletter in Ashland, Massachusetts, said in a report on Pesatori's exit that the company's enterprise revenue dropped 4% year-to-year in the first quarter of 2000.

That was partly due to a buying freeze by users in anticipation of the scheduled mid-May release of a new high-end Unix server called WildFire, Shannon said. But Compaq's enterprise services revenue has been experiencing slow growth, he added.

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