Hewlett-Packard's Bill Veghte departs

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Hewlett-Packard's Bill Veghte departs
Bill Veghte

Former Chief Operating Officer Bill Veghte, who was at one time considered a potential successor to HP CEO Meg Whitman, is leaving the company.

HP on Tuesday US time said that Veghte, a five-year HP veteran, is "departing the company later this summer to pursue a new opportunity." Veghte's departure comes as HP finalises its split into two independent Fortune 50 companies effective 1 November.

Partners said they expect Veghte - who is on the technology advisory board for VMTurbo, a highly regarded maker of cloud and virtualisation management software - will take a high-level position with a top technology company. Veghte is also on the board of Xero, an online accounting vendor with more than 450,000 customers.

Antonio Neri, a 20-year HP veteran who had been heading up the Enterprise Group since Veghte took on the enterprise separation role, will now officially take on the title of executive vice president and general manager of the group.

HP said Chris Hsu, the one-time managing director at private equity giant KKR, will continue to lead the Hewlett Packard Enterprise separation efforts and will become COO of Hewlett Packard Enterprise once the separation is complete.

This article originally appeared at crn.com

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