By PrintAction Staff
By PrintAction Staff
The HP Inc. board of directors has appointed Enrique Lores, currently President of HP’s Imaging, Printing and Solutions business, to succeed Dion Weisler as the company’s President and CEO, effective November 1.
Weisler is stepping down at this time due to a family health matter and will be returning home to Australia. He will work with Lores to promote a seamless transition and will remain at the company through January 2020. Following this, Weisler will continue to serve on HP’s board of directors until the next annual meeting of stockholders.
Weisler joined HP in 2012 and has served as President and CEO since 2015. HP has added approximately US$7 billion in annual revenue, generated over US$13 billion in free cash flow, and has met or exceeded its non-GAAP EPS guidance for 15 consecutive quarters since separation.
“Serving as CEO of HP is the highlight of my career, and I want to thank the entire HP team for the support they have shown me. I’m incredibly proud of what we have achieved and equally confident in where we are heading as a company,” Weisler says. “Enrique has been a tremendous partner whose leadership has been instrumental in setting this company up for success and delivering on our strategy. He is one of the smartest people I know, and I have great confidence in his ability to lead and inspire the next chapter of HP’s transformation and growth.”
“On behalf of the board, we respect Dion’s decision to support the needs of his family,” says Chip Bergh, Chair of HP’s board of directors. “We thank him for leading HP post-separation, building a strong team and restoring the company to drive strong shareholder value creation over the last four years.
Lores is one of HP’s most accomplished and multi-faceted leaders. He began his HP career 30 years ago as an engineering intern and has risen to increasingly prominent leadership positions across the company’s Print, Personal Systems and Services businesses. From his technical roots, he has developed broad leadership expertise and relationships working at the country, region and worldwide level. Throughout his career, Lores has been known for his relentless focus on serving customers and partners and his passion for driving innovation, HP describes.
Since 2015, Lores has served as President of HP’s Imaging, Printing and Solutions business, which had revenues of over US$20 billion for fiscal 2018 and has consistently outperformed the company’s printing peer set. He continues to reinvent HP’s Print business with a focus on differentiated innovation, business model transformation and strategic M&A – including HP’s acquisition of Samsung’s printer business in 2017 – while fostering important ecosystem partnerships and demonstrating a commitment to sustainable impact and the environment.