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Posted 07 August, 2023

Hewlett Packard Enterprise Co appointed new CEO

CEO Change detected for ticker NYSE:HPE in a 8-K filed on 07 August, 2023.


  On August 3, 2023, Tarek Robbiati notified HPE of his intention to resign as Executive Vice President and Chief Financial Officer of HPE, effective as of August 25, 2023. Mr. Robbiati is departing HPE to become the Chief Executive Officer of RingCentral, Inc.  

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Overview of Hewlett Packard Enterprise Co
Technology • Computers/Consumer Electronics
Hewlett Packard Enterprise Co. is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Server, Hybrid Cloud, Intelligent Edge, Financial Services, and Corporate Investments and Other. The Server segment consists of general-purpose servers for multi-workload computing and workload-optimized servers to deliver the performance and value for demanding applications, and integrated systems comprised of software and hardware designed to address high-performance computing and supercomputing, artificial intelligence, data analytics, and transaction processing workloads for government and commercial customers globally. The Hybrid Cloud segment is involved in a variety of cloud-native and hybrid solutions across storage, private cloud, and the infrastructure software-as-a-service space. The Intelligent Edge segment offers wired and wireless local area networks, campus, branch, and data center switching, software-defined wide-area-networks, private and public cellular network software, network security, and associated services that enable secure connectivity for businesses of any size. The Financial Services segment provides investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services for customers that facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. The Corporate Investments and Other segment includes the Advisory and Professional Services business, which primarily offers consultative-led services, HPE and partner technology expertise and advice, implementation services, as well as complex solution engagement capabilities, the Communications and Media Solutions business, which primarily offers software and related services to the telecommunications industry, and Hewlett Packard Labs, which is responsible for research and development. The company was founded by William R. Hewlett and David Packard on July 2, 1939 and is headquartered in Spring, TX.
Market Cap
$24.8B
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Hewlett Packard Enterprise Co by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. 


On August 3, 2023, Tarek Robbiati notified HPE of his intention to resign as Executive Vice President and Chief Financial Officer of HPE, effective as of August 25, 2023. Mr. Robbiati is departing HPE to become the Chief Executive Officer of RingCentral, Inc. Mr. Robbiati's decision to resign is not a result of any disagreements with the Company, its Board of Directors, or its management on any matter relating to its operations, policies, or practices or any issues regarding financial statements, disclosures (financial or otherwise), financial condition or performance, accounting, or legal matters. HPE has engaged an executive recruiting firm and is in the process of conducting an executive search for a new Chief Financial Officer. 


On August 4, 2023, the Board of Directors of HPE appointed Jeremy K. Cox as Interim Chief Financial Officer of HPE, effective as of August 25, 2023. Mr. Cox will continue to serve as HPE's Senior Vice President, Corporate Controller, Chief Tax Officer and Principal Accounting Officer. 


Mr. Cox, 46, has served as HPE's Senior Vice President, Controller, Chief Tax Officer and Principal Accounting Officer since July 2022. Previously, he served as Senior Vice President, Global Tax and Head of Products and Services Finance from May 2021 to July 2022. Prior to that, Mr. Cox served as Senior Vice President, Global Tax, Financial Planning and Analysis, and Global Functions Finance from November 2018 to May 2021, Senior Vice President, Global Tax and Internal Audit from September 2017 to November 2018, Senior Vice President, Global Tax from September 2012 to September 2017 and Vice President and Senior Tax Counsel of HP Tax Research and Planning and APJ Taxes from 2008 to 2012. Prior to joining HP Inc. in 2008, Mr. Cox was Senior Tax Counsel for Electronic Data Systems beginning in 2005.


There are no arrangements or understandings between Mr. Cox and any other persons pursuant to which he will become HPE's Interim Chief Financial Officer. There is no family relationship between Mr. Cox and any director, executive officer, or person nominated or chosen by HPE to become a director or executive officer at HPE. HPE has not entered into any transactions with Mr. Cox that would require disclosure pursuant to Item 404(a) of Regulation S-K under the Exchange Act.


As of the date of this Current Report on Form 8-K, no new or other compensatory arrangements have been entered into with Mr. Cox in connection with his appointment as Interim Chief Financial Officer.