Wednesday, June 15, 2005
Hewlett-Packard said it has separated its personal computer and printer group into stand-alone businesses.
R. Todd Bradley, former chief executive of palmOne, was named to head the PC business. Bradley, 46, had spent one year as palmOne's chief executive and three years as its president, where he led a turnaround of the developer of the Treo handheld and other devices.
Vyomesh Joshi, 51, who was running the combined printer and PC business unit, will resume his former role as executive vice president of the imaging and printing business.
In January, a few weeks before she was ousted, then-CEO Carly Fiorina merged HP's personal computer and printer businesses into a single division. At the time, HP said the move would make the company more efficient, enable it to develop new products faster and let it bundle printers and PCs more easily.
HP said that by operating the two businesses separately, it can lower costs.
``Now, by managing PSG and IPG as separate, highly focused organizations, we can further sharpen our competitiveness and improve our cost structure,'' HP said in a statement.
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