Investor Relations

Investor Highlights

09/07/2016

Q3 Fiscal Year 2016 Hewlett Packard Enterprise Earnings Conference Call

Q3 Fiscal Year 2016 Hewlett Packard Enterprise Earnings Conference Call

Title : Q3 Fiscal Year 2016 Hewlett Packard Enterprise Earnings Conference Call

Date: 9/7/2016, 2:00 - 3:00 p.m. PT

Speakers:
Meg Whitman, President & CEO
Tim Stonesifer, EVP & Chief Financial Officer
Andrew Simanek, Head of Investor Relations

Click here for webcast

06/07/2016

IR Summit @ Discover

IR Summit @ Discover

Title : IR Summit @ Discover

Date: 06/07/2016, 1:00p.m. PT

Schedule:
1:00 – 1:35 p.m. PT: Tim Stonesifer presentation and Q&A
2:00 – 3:30 p.m. PT: Discover General Session
4:00 – 4:30 p.m. PT: Meg Whitman Presentation and Q&A
4:30 – 4:50 p.m. PT: Robert Youngjohns Q&A
4:50 – 5:10 p.m. PT: Antonio Neri Q&A
5:10 – 5:30 p.m. PT: Mike Nefkens Q&A

Click here for webcast

IR Summit @ Discover – CFO presentation

IR Summit @ Discover – CEO presentation

IR Summit @ Discover – GAAP to non-GAAP Supplement

06/01/2016

Fireside chat with Meg Whitman at Bernstein Thirty-Second Annual Strategic Decisions Conference

Fireside chat with Meg Whitman at Bernstein Thirty-Second Annual Strategic Decisions Conference

Title : Fireside chat with Meg Whitman at Bernstein Thirty-Second Annual Strategic Decisions Conference

Date: 06/01/2016, 4:00p.m. ET

Speakers:
Meg Whitman, President and CEO

Click here for webcast

Stock performance

News and Events

Events

Upcoming Event

Title Q3 Fiscal Year 2016 Hewlett Packard Enterprise Earnings Conference Call Date September 2016

Title : Q3 Fiscal Year 2016 Hewlett Packard Enterprise Earnings Conference Call

Date: 9/7/2016, 2:00 - 3:00 p.m. PT

Speakers:
Meg Whitman, President & CEO
Tim Stonesifer, EVP & Chief Financial Officer
Andrew Simanek, Head of Investor Relations

Click here for webcast

Past Event

June 2016

IR Summit @ Discover

Upcoming Event

Title IR Summit @ Discover Date June 2016 Speakers

Title : IR Summit @ Discover

Date: 06/07/2016, 1:00 p.m. PT

Schedule:
1:00 – 1:35 p.m. PT: Tim Stonesifer presentation and Q&A
2:00 – 3:30 p.m. PT: Discover General Session
4:00 – 4:30 p.m. PT: Meg Whitman Presentation and Q&A
4:30 – 4:50 p.m. PT: Robert Youngjohns Q&A
4:50 – 5:10 p.m. PT: Antonio Neri Q&A
5:10 – 5:30 p.m. PT: Mike Nefkens Q&A

Click here for webcast

IR Summit @ Discover – CFO presentation

IR Summit @ Discover – CEO presentation

IR Summit @ Discover – GAAP to non-GAAP Supplement

News

Hewlett Packard Enterprise to Present Live Audio Webcast of Third Quarter Earnings Conference Call

PALO ALTO, CA, August 9, 2016 – Hewlett Packard Enterprise (NYSE: HPE) will conduct a live audio webcast of its conference call to review its financial results for the third fiscal quarter ended July 31, 2016.

The call is scheduled for Wednesday, September 7 at 5 p.m. ET / 2 p.m. PT, and the webcast will be available at www.hpe.com/investor/2016Q3Webcast.

A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise is an industry leading technology company that enables customers to go further, faster. With the industry’s most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.

Contact Information

Editorial contact
Kate Holderness
HPE

corpmediarelations@hpe.com

Hewlett Packard Enterprise Declares a Regular Dividend

PALO ALTO, CA -- (Marketwired - Jul 28, 2016) - Hewlett Packard Enterprise (NYSE: HPE) today announced that the Hewlett Packard Enterprise board of directors has declared a regular cash dividend of $0.055 per share on the company's common stock.

This dividend, the fourth in Hewlett Packard Enterprise's fiscal year 2016, is payable on November 2, 2016, to stockholders of record as of the close of business on October 12, 2016.

Hewlett Packard Enterprise has approximately 1.664 billion shares of common stock outstanding.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise is an industry leading technology company that enables customers to go further, faster. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.

Forward-looking statements

This document contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Hewlett Packard Enterprise could differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements of the plans, strategies and objectives of Hewlett Packard Enterprise for future operations; other statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected and other risks that are described in Hewlett Packard Enterprise's filings with the Securities and Exchange Commission, including but not limited to the risks described in Hewlett Packard Enterprise's Registration Statement on Form 10 dated July 1, 2015, as amended, and Hewlett Packard Enterprise's Form 10-K dated December 17, 2015 and Form 10-Q dated March 10, 2016. Hewlett Packard Enterprise assumes no obligation and does not intend to update any forward-looking statements.

Contact Information

Editorial contact
Kate Holderness
Hewlett Packard Enterprise
corpmediarelations@hpe.com

Hewlett Packard Enterprise Announces Plans for Tax-Free Spin-Off and Merger of Enterprise Services Business With CSC

Consolidation Expected to Create a New $26 Billion Pure-Play in Global IT Services

Move Also Unlocks Faster Growing, Higher-Margin and Stronger Free Cash Flow HPE

PALO ALTO, CA--(Marketwired - May 24, 2016) - Hewlett Packard Enterprise (NYSE: HPE)

  • Transaction will deliver HPE shareholders approximately $8.5 billion in expected after-tax value in stock-for-stock exchange;
  • Merger of two businesses expected to produce first-year cost synergies of approximately $1 billion post-close, with run rate of $1.5 billion by end of year one;
  • HPE shareholders will own approximately 50 percent of new combined company;
  • Agreements between HPE and the new company will maintain focus on serving current customers and growing new business opportunities over time;
  • Mike Lawrie to become chairman, president and CEO of new company, Meg Whitman to join board; board will be split 50/50 between directors nominated by HPE and CSC; Mike Nefkens to join new company's executive team;
  • One-time costs to separate Enterprise Services segment from HPE to be offset by lower costs associated with previously announced fiscal 2015 restructuring plan;
  • HPE affirms fiscal 2016 non-GAAP diluted net earnings per share (EPS) outlook of $1.85 to $1.95 and updates fiscal 2016 GAAP diluted net EPS outlook to $1.68 to $1.78; and
  • HPE to extend Q2 earnings call to elaborate on transaction; call to start at 4:30 p.m. ET today.

Hewlett Packard Enterprise (NYSE: HPE) today announced plans for a tax-free spin-off and merger of its Enterprise Services business with CSC (NYSE: CSC), which will create a pure-play, global IT services powerhouse. The spin-off and merger is the logical next step in the turnaround of HPE's Enterprise Services segment. It also allows a standalone HPE to further sharpen its leadership in building the vital end-to-end infrastructure solutions necessary to power the enterprise cloud and mobility revolutions. 

Immediately following the transaction, currently targeted to be completed by March 31, 2017, HPE shareholders will own shares of both HPE and approximately 50 percent of the new company. The transaction is intended to be tax-free to HPE and CSC and their respective shareholders for federal income tax purposes. 

"The 'spin-merger' of HPE's Enterprise Services unit with CSC is the right next step for HPE and our customers," said Meg Whitman, president and chief executive officer of Hewlett Packard Enterprise. "Enterprise Services' customers will benefit from a stronger, more versatile services business, better able to innovate and adapt to an ever-changing technology landscape."

"As a more powerful, versatile and independent global technology services business, this new company will be well positioned to help clients succeed on their digital transformation journeys," said Mike Lawrie, CSC chairman, president and chief executive officer. "Together, CSC and HPE's Enterprise Services will have the scale, foundation and next-generation technologies to innovate, compete and grow in a rapidly changing marketplace. We are excited by the great potential this merger brings to our people, clients, partners and investors, and by the opportunity to strengthen our relationship with Hewlett Packard Enterprise."

On a pro forma basis, the new company that combines CSC and HPE's Enterprise Services business is expected to have annual revenues of approximately $26 billion(1), more than 5,000 customers in 70 countries and employees in every major global region. Mike Lawrie, the current head of CSC, will become chairman, president and CEO of the new company, and Meg Whitman will join the Board of Directors. The new company's board will be split 50/50 between directors nominated by HPE and CSC. CSC's current CFO, Paul Saleh, will continue in that role in the new company after the transaction closes. Additionally, Mike Nefkens, the current EVP and GM of HPE's Enterprise Services business, will be a key part of the new company's executive team and partner closely with Lawrie on building the new organization. Other executives and directors of the merged company, as well as the name of the company, will be announced at a later date.

The transaction is expected to deliver approximately $8.5 billion to HPE's shareholders on an after-tax basis. This includes an equity stake in the newly combined company valued at more than $4.5 billion, which represents approximately 50 percent ownership, a cash dividend of $1.5 billion, and the assumption of $2.5 billion of debt and other liabilities. The merger of the two businesses is expected to produce first-year cost synergies of approximately $1 billion post-close, with a run rate of $1.5 billion by the end of year one. There is an opportunity for additional synergies in subsequent years. As owners of approximately 50 percent of the merged company, HPE shareholders will share in the value of the synergies, as well as future growth in earnings. 

One-time costs to separate the Enterprise Services segment from HPE will be offset by lower costs associated with the fiscal 2015 restructuring plan; there are no incremental one-time cash payments beyond those already communicated. The transaction is subject to certain customary closing conditions.

Accelerating Focus in Two Businesses
The consolidation of CSC and HPE's Enterprise Services segment will create a new company with substantial scale to serve customers more efficiently and effectively worldwide. By combining, both organizations can more rapidly accelerate already-improved financial and operational performance. For customers, this enhances global access to world-class offerings in next-generation cloud, mobility, application development and modernization, business process services, big data and analytics, workplace, IT services, and security, combined with deep industry experience in sectors that include financial services, transportation, consumer products, healthcare, and insurance.

At the same time, the transaction should create significant incremental value for shareholders by unlocking the faster growing, higher margin and stronger free cash flow HPE. A standalone HPE, with $33 billion(2) in expected annual revenue, will sharpen its focus on secure, next-generation, software-defined infrastructure that leverages a world-class portfolio of servers, storage, networking, converged infrastructure, as well as its Helion Cloud platform and software assets. By bringing together leadership positions in these key data center technologies, HPE will help customers run their traditional IT better, while building a bridge to multi-cloud environments. 

Beyond the data center, HPE is redefining IT at the edge with its next generation of Aruba and computing products for campus, branch, and IoT applications. In addition, through HPE's Technology Services division, the company applies the necessary consulting capabilities to help customers. HPE Financial Services offers customers financial flexibility to maximize their investments. And, HPE will continue to leverage its portfolio of operations, security, and big data software assets that deliver machine learning and deep analytics capabilities to customers.

Whitman continued, "As two standalone companies with global scale, strong balance sheets and focused innovation pipelines, both HPE and the new company that combines CSC and HPE's Enterprise Services segment will be well positioned as leaders in their respective markets. For HPE, our balance sheet, capital allocation strategy, and cost structure will now be fully optimized for a faster growing, higher margin and more robust free cash flow business. And, the new company will be in a stronger position to win than either organization could have been on its own."

Both the new company and HPE will be well-capitalized and have capital structures set to take advantage of their distinct growth opportunities and cash flow profiles. Each company will have its own equity currency, and investors will have the opportunity to invest in two companies with compelling and unique financial profiles well suited to their respective businesses.

Today's announcement builds on the progress HPE has made to turn around the Enterprise Services business and improve its operating model, labor mix and financial profile. In FY13, just three customers made up approximately 65 percent of HPE's Enterprise Services operating profit. Today, no single customer accounts for more than 10 percent. The company has significantly improved HPE's Enterprise Services cost structure by exiting high-cost data centers, improving low-cost location mix and rebalancing its workforce. Over the three-year period, HPE's Enterprise Services also has significantly improved service and response quality, leading to best in class net promoter scores from its customers.

As a result of customer diversification efforts and these other improvements, Enterprise Services delivered stable revenue for the first two quarters of fiscal 2016, which were the first quarters of year-over-year constant currency revenue growth since fiscal 2012. In the second quarter of fiscal 2016, Enterprise Services reported its eighth consecutive quarter of year-over-year operating margin expansion. Overall, HPE's Enterprise Services is on track to achieve its long-term goal of a market competitive cost structure and operating margins.

Goldman Sachs & Co. is serving as financial advisor to HPE on the transaction.

(1) Based on $18 billion in trailing four quarters of revenue for the Enterprise Services segment, adjusted for Mphasis and Communications and Media Solutions (CMS), plus $8 billion in trailing 4 quarters of revenue for CSC, adjusted for recent acquisitions.

(2) Based on trailing four quarter segment revenue for EG, SW and HPEFS; HPE revenue is total HPE revenue calculated on a trailing four quarter basis, including inter-company eliminations, less the Enterprise Services segment, excluding Commercial and Media Solutions (CMS).

Financial Outlook
For the fiscal 2016 third quarter, Hewlett Packard Enterprise estimates non-GAAP diluted net EPS to be in the range of $0.42 to $0.46 and GAAP diluted net EPS to be in the range of $1.10 to $1.14. Fiscal 2016 third quarter non-GAAP diluted net EPS estimates exclude an after-tax gain on the divestiture of H3C technologies and other of approximately $1.06, and after-tax costs of approximately $0.38 per share, related to restructuring charges, the amortization of intangible assets, separation costs and acquisition and other related charges. 

For fiscal 2016, Hewlett Packard Enterprise estimates non-GAAP diluted net EPS to be in the range of $1.85 to $1.95 and GAAP diluted net EPS to be in the range of $1.68 to $1.78. Fiscal 2016 non-GAAP diluted net EPS estimates exclude an after-tax gain on the divestiture of H3C technologies and other of approximately $1.06, and after-tax costs of approximately $1.23 per share, related to restructuring charges, the amortization of intangible assets, separation costs, acquisition and other related charges and tax indemnification adjustments. 

Investment Community Conference Call
HPE will extend its conference call to discuss its fiscal second quarter financial results today to elaborate on the transaction; the call will start at 4:30 p.m. ET. Mike Lawrie, CSC's chairman, president and CEO, will participate in the call to discuss this transaction along with HPE management. For webcast details, go to investors.hpe.com.

About HPE
HPE is an industry-leading technology company that enables customers to go further, faster. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.

About CSC
CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit the company's website at www.csc.com.

Forward Looking Statements

Information set forth in this communication, including statements as to Hewlett Packard Enterprise's outlook and financial estimates and statements as to the expected timing, completion and effects of the proposed merger between a wholly-owned subsidiary of CSC and Everett SpinCo, Inc. ("Enterprise Services") which will immediately follow the proposed spin-off of Enterprise Services from Hewlett Packard Enterprise, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially.

These statements are based on various assumptions and the current expectations of the management of Hewlett Packard Enterprise and CSC, and may not be accurate because of risks and uncertainties surrounding these assumptions and expectations. Factors listed below, as well as other factors, may cause actual results to differ significantly from these forward-looking statements. There is no guarantee that any of the events anticipated by these forward-looking statements will occur. If any of the events occur, there is no guarantee what effect they will have on the operations or financial condition of Hewlett Packard Enterprise or CSC. Forward-looking statements included herein are made as of the date hereof, and Hewlett Packard Enterprise and CSC undertake no obligation to publicly update or revise any forward-looking statement unless required to do so by the federal securities laws.

Some forward-looking statements discuss Hewlett Packard Enterprise's and CSC's plans, strategies and intentions. They use words such as "expects," "may," "will," "believes," "should," "would," "could," "approximately," "anticipates," "estimates," "targets," "intends," "likely," "projects," "positioned," "strategy," "future," and "plans." In addition, these words may use the positive or negative or other variations of those terms. Forward-looking statements in this press release include, but are not limited to, statements regarding the expected effects on Hewlett Packard Enterprise, Enterprise Services and CSC of the proposed distribution of Enterprise Services to Hewlett Packard Enterprise's stockholders and merger of Enterprise Services with a subsidiary of CSC (the "Transaction"), the anticipated timing and benefits of the Transaction, including future financial and operating results, and whether the Transaction will be tax-free for Hewlett Packard Enterprise and its stockholders for U.S. federal income tax purposes, the combined company's plans, objectives, expectations and intentions. Forward-looking statements also include all other statements in this press release that are not historical facts.

These statements are based on the current expectations of the management of Hewlett Packard Enterprise and CSC (as the case may be) and are subject to uncertainty and to changes in circumstances. Major risks, uncertainties and assumptions include, but are not limited to: the satisfaction of the conditions to the Transaction and other risks related to the completion of the Transaction and actions related thereto; Hewlett Packard Enterprise's and CSC's ability to complete the Transaction on the anticipated terms and schedule, including the ability to obtain shareholder and regulatory approvals and the anticipated tax treatment of the Transaction and related transactions; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; CSC's ability to integrate Enterprise Services successfully after the closing of the Transaction and to achieve anticipated synergies; the risk that disruptions from the Transaction will harm Hewlett Packard Enterprise's or CSC's businesses; the effect of economic, competitive, legal, governmental and technological factors and other factors described under "Risk Factors" in each of Hewlett Packard Enterprise's and CSC's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. However, it is not possible to predict or identify all such factors. Consequently, while the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties.

Use of non-GAAP financial information

To supplement HPE's historical and forecasted financial results presented on a GAAP basis, HPE provides non-GAAP diluted net earnings per share. Non-GAAP diluted net earnings per share is defined to exclude the effects of any restructuring charges, charges relating to the amortization of intangible assets, separation costs, acquisition and other related charges and tax indemnification adjustments recorded or expected to be recorded during the relevant period. In addition, non-GAAP diluted net earnings per share are adjusted by the amount of additional taxes or tax benefit associated with each non-GAAP item. Fiscal 2016 non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $1.10 per share, related primarily to restructuring charges, the amortization of intangible assets, separation costs, acquisition and other related charges and tax indemnification adjustments. 

HPE's management uses non-GAAP financial measures, including HPE's non-GAAP diluted net earnings per share, to evaluate and forecast HPE's performance before gains, losses or other charges that are considered by HPE's management to be outside of HPE's core business segment operating results. These non-GAAP financial measures may have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of HPE's results as reported under GAAP. For example, items such as the amortization of intangible assets, though not directly affecting HPE's cash position, represent the loss in value of intangible assets over time. The expense associated with this loss in value is not included in HPE's non-GAAP diluted net earnings per share and therefore does not reflect the full economic effect of the loss in value of those intangible assets. In addition, items such as restructuring charges that are excluded from HPE's non-GAAP diluted net earnings per share can have a material impact on HPE's GAAP diluted net earnings per share. Other companies may calculate non-GAAP diluted net earnings per share differently than HPE does, which limits the usefulness of that measure for comparative purposes.

Compensation for limitations associated with use of non-GAAP financial measures

HPE compensates for the limitations on its use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only supplementally. HPE also provides reconciliations of each non-GAAP financial measure to its most directly comparable GAAP measure within this news release and in other written materials available at www.hpe.com/investor that include these non-GAAP financial measures, and HPE encourages investors to review carefully those reconciliations.

Usefulness of non-GAAP financial measures to investors

HPE believes that providing non-GAAP financial measures to investors in addition to the related GAAP financial measures provides investors with greater transparency to the information used by HPE's management in its financial and operational decision making and allows investors to see HPE's results "through the eyes" of management. HPE further believes that providing this information better enables HPE's investors to understand HPE's operating performance and to evaluate the efficacy of the methodology and information used by HPE's management to evaluate and measure such performance. Disclosure of non-GAAP financial measures also facilitates comparisons of HPE's operating performance with the performance of other companies in HPE's industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.

© 2016 Hewlett Packard Enterprise, L.P. The information contained herein is subject to change without notice. Hewlett Packard Enterprise shall not be liable for technical or editorial errors or omissions contained herein.

Additional Information and Where to Find It

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. In connection with the proposed Transaction, CSC will file with the Securities and Exchange Commission ("SEC") a registration statement on Form S-4, which will include a prospectus. CSC will also file a proxy statement which will be sent to the CSC shareholders in connection with their vote required in connection with the Transaction. In addition, Enterprise Services expects to file a registration statement in connection with its separation from Hewlett Packard Enterprise. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS/PROSPECTUSES AND PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CSC, ENTERPRISE SERVICES AND THE TRANSACTION. Investors and security holders will be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge from the SEC's website, www.sec.gov. These documents (when they are available) can also be obtained free of charge from the respective companies by directing a written request to Hewlett Packard Enterprise at Hewlett Packard Enterprise Company, 3000 Hanover Street, Palo Alto, California 94304, Attention: Investor Relations, or by calling (650) 857-2246.

Contact Information

Governance

HPE is committed to maintaining the highest standards of business conduct and corporate governance, which we believe are essential to running our business efficiently, serving our stockholders well and maintaining HPE's integrity in the marketplace.

Dan Ammann

Director since 2015

Corporate governance biography

Dan Ammann

Director since 2015

Member of: Finance and Investment

Mr. Ammann has served as the President of General Motors Company, an automotive company, since January 2014. From April 2011 to January 2014, Mr. Ammann served as Chief Financial Officer and Executive President of GM. Mr. Ammann joined GM in May 2010 as Vice President of Finance and Treasurer, a role he served in until April 2011. Mr. Ammann is also a director of Lyft. Mr. Ammann brings to our board of directors a robust understanding of consumer, manufacturing and financial industries as well as executive experience helping lead an international, multibillion dollar company through a financial transformation including an initial public offering.

Marc L. Andreessen

Director since 2015

Corporate governance biography

Marc L. Andreessen

Director since 2015

Member of: Finance and Investment, Technology

Mr. Andreessen is a co-founder of AH Capital Management, LLC, doing business as Andreessen Horowitz, a venture capital firm founded in July 2009. From 1999 to 2007, Mr. Andreessen served as Chairman of Opsware, Inc., a software company that he co-founded. During a portion of 1999, Mr. Andreessen served as Chief Technology Officer of America Online, Inc., a software company. Mr. Andreessen co-founded Netscape Communications Corporation, a software company, and served in various positions, including Chief Technology 104 Officer and Executive Vice President of Products, from 1994 to 1999. Mr. Andreessen is a director of Facebook, Inc. and several private companies, and was formerly a director of eBay Inc. Mr. Andreessen brings to our board of directors extensive experience as an Internet entrepreneur. Mr. Andreessen is also a recognized expert and visionary in the IT industry. In addition, he has extensive leadership, consumer industry, and technical expertise through his positions at Netscape, America Online and Opsware. His experience serving on the boards of both public and private technology companies provides him with valuable insight and experience.

Mike Angelakis

Director since 2015

Corporate governance biography

Mike Angelakis

Director since 2015

Member of: Audit, Finance and Investment (Chairperson)

Mr. Angelakis has served as Chairman and Chief Executive Officer of Atairos Management, an investment firm, since January 2016. Additionally, he served from November 2011 to July 2015 as Vice Chairman of Comcast and from March 2007 to July 2015 as Chief Financial Officer of Comcast. From 1999 to 2007, Mr. Angelakis was a Managing Director at Providence Equity Partners, LLC, a media and communications investment firm. Mr. Angelakis brings to our board of directors decades of investment, financial and managerial experience in the media and telecommunications industries, giving him an extensive understanding of the financial, operational and technological concerns important to a complex global operation operating in a dynamic industry.

Les Brun

Director since 2015

Corporate governance biography

Les Brun

Director since 2015

Member of: Audit, HR and Compensation (Chairperson)

Mr. Brun has served as the Chairman and Chief Executive Officer of Sarr Group, LLC, an investment holding company, since March 2006. From August 2011 to December 2013, Mr. Brun was managing director and head of investor relations for CCMP Capital Advisors, LLC, a private equity firm. Previously, from January 1991 to May 2005, Mr. Brun served as founder, Chairman and Chief Executive officer for Hamilton Lane Advisors, a private markets investment firm, and from April 1988 to September 1990 as co-founder and managing director of investment banking at Fidelity Bank in Philadelphia. Mr. Brun currently serves as Chairman of the board at CDK Global, Inc., a technology solutions company, Broadridge Financial Solutions, a financial industry servicing company, and Automatic Data Processing, Inc., a business outsourcing services company. Mr. Brun also serves on the board of Merck & Co., Inc., a pharmaceuticals company. Mr. Brun brings to the board robust business experience from a long career navigating capital markets and advisory experience from his service as a chairman and director on various public company boards, enabling him to provide the board with valuable financial, management, investor relations, and operational advice and expertise.

Pam Carter

Director since 2015

Corporate governance biography

Pam Carter

Director since 2015

Member of: Audit, HR and Compensation

Ms. Carter served as the Vice President of Cummins Inc., a machinery design and manufacturing company, and as President of the Cummins Distribution business unit from 2008 until May 2015. In 18 years at Cummins, Ms. Carter held executive positions in both their Filtration and Distribution business units after joining the company in 1997 as Vice President, General Counsel and Corporate Secretary. Ms. Carter serves as a director of Spectra Energy Corp., a natural gas company, and CSX Corp., a rail-based freight transportation company.

Ms. Carter brings to our board of directors strategic and operational expertise from her hands-on experience leading and growing a complex design and manufacturing business. Her variety of experienced roles in both legal and business leadership brings to our board the valuable perspective of regulatory and policy knowledge coupled with clear understanding of business strategy.

Klaus Kleinfeld

Director since 2015

Corporate governance biography

Klaus Kleinfeld

Director since 2015

Member of: HR and Compensation, Nominating, Governance and Social Responsibility

Klaus Kleinfeld has served since April 2010 as chairman and chief executive officer of Alcoa Inc., a global leader in lightweight metals technology, engineering and manufacturing for industries including automotive, aerospace, defense and commercial transportation. He also served as president and chief executive officer at Alcoa from 2008 to April 2010 and president and chief operating officer from 2007 through 2008. Before Alcoa, Kleinfeld served for 20 years at Siemens AG from 1987 to 2007, including as chief executive officer and president, a member of the managing board and executive vice president and chief operating officer of Siemens AG’s principal U.S. subsidiary, Siemens Corp. In addition to serving as a director of Alcoa, Kleinfeld serves as a director of Morgan Stanley and as a member of the supervisory board of Bayer AG.

Raymond J. Lane

Director since 2015

Corporate governance biography

Raymond J. Lane

Director since 2015

Member of: Fianance and Investment, Technology

Mr. Lane served as executive Chairman of HP Co. from September 2011 to April 2013 and as nonexecutive Chairman of HP Co. from November 2010 to September 2011. Since April 2013, Mr. Lane has served as Partner Emeritus of Kleiner Perkins Caufield & Byers, a private equity firm, after having previously served as one of its Managing Partners from 2000 to 2013. Prior to joining Kleiner Perkins, Mr. Lane was President and Chief Operating Officer and a director of Oracle Corporation, a software company. Before joining Oracle in 1992, Mr. Lane was a senior partner of Booz Allen Hamilton, a consulting company. Prior to Booz Allen Hamilton, Mr. Lane served as a division vice president with Electronic Data Systems Corporation, an IT services company that HP Co. acquired in August 2008. He was with IBM Corporation from 1970 to 1977. Mr. Lane served as Chairman of the Board of Trustees of Carnegie Mellon University from July 2009 to July 2015. He also serves as Vice Chairman of Special Olympics International. Mr. Lane is also a director of several private companies and is a former director of Quest Software, Inc. Mr. Lane brings to our board of directors significant experience as an early stage venture capital investor, principally in the information technology industry, through his position as Partner Emeritus of Kleiner Perkins. In addition, having served as President and Chief Operating Officer of Oracle, Mr. Lane has experience in worldwide operations, management and the development of corporate strategy. He has also gained valuable experience serving in board leadership roles for many public and private companies.

Ann M. Livermore

Director since 2015

Corporate governance biography

Ann M. Livermore

Director since 2015

Member of: Finance and Investment

Ms. Livermore served as Executive Vice President of the former HP Enterprise Business from 2004 until June 2011, and served as an Executive Advisor to HP Co.’s Chief Executive Officer through October 2015. Prior to that, Ms. Livermore served in various other positions with HP Co. in marketing, sales, research and development, and business management since joining the company in 1982. Ms. Livermore is also a director of United Parcel Service, Inc. Ms. Livermore brings to our board of directors extensive experience in senior leadership positions at HP Co. In addition, through her nearly thirty years at HP Co., Ms. Livermore has vast knowledge and experience in the areas of technology, marketing, sales, research and development and business management, as well as extensive knowledge of enterprise customers and their IT needs. Ms. Livermore also brings public company governance experience from her service on another public company board.

Raymond E. Ozzie

Director since 2015

Corporate governance biography

Raymond E. Ozzie

Director since 2015

Member of: Finance and Investment, Technology (Chairperson)

Mr. Ozzie has served as Chief Executive Officer of Talko Inc., a mobile communications applications and services company, since founding the company in December 2011. Previously, Mr. Ozzie served as Chief Software Architect of Microsoft Corporation from 2006 until December 2010, after having served as Chief Technical Officer of Microsoft from 2005 to 2006. Mr. Ozzie joined Microsoft in 2005 after Microsoft acquired Groove Networks, Inc., a collaboration software company he founded in 1997. Mr. Ozzie is a recognized software industry executive and entrepreneur who brings to our board of directors significant experience in the software industry. Mr. Ozzie also has extensive leadership and technical expertise through his positions at Microsoft, Groove Networks, and his experience at other public companies earlier in his career.

Gary M. Reiner

Director since 2015

Corporate governance biography

Gary M. Reiner

Director since 2015

Member of: Finance and Investment, Nominating, Governance and Social Responsibility (Chairperson), Technology

Mr. Reiner has served as Operating Partner at General Atlantic, a private equity firm, since November 2011. Previously, Mr. Reiner served as Special Advisor to General Atlantic from September 2010 to November 2011. Prior to that, Mr. Reiner served as Senior Vice President and Chief Information Officer at General Electric Company, a technology, media and financial services company, from 1996 until March 2010. Mr. Reiner previously held other executive positions with GE since joining the company in 1991. Earlier in his career, Mr. Reiner was a partner at Boston Consulting Group, a consulting company, where he focused on strategic and process issues for technology businesses. Mr. Reiner is also a director of Citigroup Inc. and several private companies, and is a former director of Genpact Limited. Mr. Reiner brings to our board of directors deep insight into how IT can help global companies succeed through his many years of experience as Chief Information Officer at GE. From his other positions at GE and his prior experience with Boston Consulting Group, he also brings decades of experience driving corporate strategy, information technology and best practices across complex organizations. In addition, Mr. Reiner brings to our board of directors his experience in private equity investing, with a particular focus on the IT industry.

Patricia F. Russo

Director since 2015

Corporate governance biography

Patricia F. Russo

Director since 2015

Ms. Russo serves as the Chairman of our board of directors. She previously served as Chief Executive Officer of Alcatel-Lucent, a communications company, from 2006 to 2008; and as Chairman of Lucent Technologies Inc., a communications company, from 2003 to 2006 and Chief Executive Officer and President of Lucent from 2002 to 2006. Ms. Russo is also a director of Alcoa Inc., General Motors Company and Merck & Co., Inc. In addition to her other public company directorships, she is a director of KKR Management LLC, the managing partner of KKR & Co., L.P. Ms. Russo previously served as the Lead Independent Director of HP Inc. from 2014 to 2015, and as a director of Schering-Plough Corporation from 1995 until its merger with Merck in 2009. Ms. Russo brings to our board of directors extensive global business experience, a broad understanding of the technology industry, strong management skills and operational expertise through her positions with Alcatel-Lucent and Lucent Technologies. In those positions, she dealt with a wide range of issues including mergers and acquisitions and business restructurings as she led Lucent’s recovery through a severe industry downturn and later a merger with Alcatel. Ms. Russo also brings to our board of directors public company governance experience as a member of boards and board committees of other public companies.

Lip-Bu Tan

Director since 2015

Corporate governance biography

Lip-Bu Tan

Director since 2015

Member of: Nominating, Governance & Social Responsibility, Technology

Mr. Tan has served as the President and Chief Executive Officer of Cadence Design Systems, an electronic design automation company, since 2009. Mr. Tan has also served as Founder and Chairman of Walden International, a venture capital firm, since 1987. Mr. Tan currently serves on the boards of Cadence Design Systems, Ambarella Inc., a video compression and image processing company and Semiconductor Manufacturing International Corp., a semiconductor company. Mr. Tan previously served on the boards of Flextronics International, an electronics manufacturing company, Inphi Corporation, a semiconductor company, SINA, a media company, SolarEdge Technologies, Inc., a solar energy company, and United Overseas Bank in Singapore. Mr. Tan’s extensive experience analyzing investments, managing companies and leading developments in the global technology industry allows him to bring to our board of directors valuable insights on business in today’s industry environment.

Meg Whitman

Director since 2015

Corporate governance biography

Meg Whitman

Director since 2015

Ms. Whitman brings to our board of directors unique experience in developing transformative business models, building global brands and driving sustained growth and expansion through her experience as Chairman, President and Chief Executive Officer of HP Co. and previously as President and Chief Executive Officer of eBay. From her previous executive positions with other large public companies, she also brings to our board of directors strong operational and strategic expertise. In addition, Ms. Whitman brings to our board of directors public company governance experience having previously served as a member of boards and board committees of other public companies.

Each member of our board of directors will have a term expiring at the 2017 annual stockholder meeting.

Maggie Wilderotter

Director since 2016

Corporate governance biography

Maggie Wilderotter

Director since 2016

Member of: Audit and HR and Compensation

Maggie Wilderotter was Chief Executive Officer of Frontier Communications from November, 2004 to April, 2015, and then Executive Chairman of the company until April, 2016. During her tenure with Frontier, the company grew from a regional telephone company with customer revenues of less than $1 billion to a national broadband, voice and video provider with operations in 29 states and annualized revenues in excess of $10 billion.

Previously, Mrs. Wilderotter was Senior Vice President of Global Business Strategy and ran the Worldwide Public Sector at Microsoft. Before this, she was President and CEO of Wink Communications Inc., Executive Vice President of National Operations for AT&T Wireless Services Inc., Chief Executive Officer of AT&T's Aviation Communications Division, and a Senior Vice President of McCaw Cellular Communications Inc.

Mrs. Wilderotter serves on the boards of Costco Wholesale Corporation, DreamWorks Animation, Hewlett Packard Enterprise, and Juno Therapeutics, Inc. as well as a number of private and non-profit organizations.

Mrs. Wilderotter previously served on the President's National Security Telecommunications Advisory Committee (NSTAC). From October 2010 to October 2012, she was Vice Chairman of NSTAC and from October, 2012 to November, 2014 she served as Chairman of NSTAC. Mrs. Wilderotter currently serves on the President’s Commission on Enhancing National Cybersecurity.

Mrs. Wilderotter is a member of the Board of Directors of The Conference Board; a member of the Executive Committee of the Catalyst Board of Directors; a member of the Board of Women in America; and a member of the Business Council and the Committee of 200. In 2014, she chaired the Blue Ribbon Committee on Board Strategy for NACD and is a member of WomenCorporateDirectors (WCD).

Mrs. Wilderotter holds a bachelor's degree in economics from the College of the Holy Cross. She has been awarded an Honorary Doctor of Engineering degree from the Stevens Institute of Technology and an Honorary Doctor of Laws degree from the University of Rochester.

Solutions

Transform to a Hybrid Infrastructure

You need to create and deliver new value instantly and continuously from all of your applications. This requires a hybrid infrastructure that maximizes performance and cost. It must provide the on-demand foundation for 100 percent of the apps and workloads that power your enterprise.

We can help you build a cloud that scales and works with your infrastructure. Only HP optimizes all your traditional, mobile and cloud applications in the data center.

Empower the Data-Driven Organization

In a hyper-connected world, companies need solutions that extract value from vast, unpredictable troves of data. For instance, analytic insights could unlock the value of a connected car driving through a smart city – as human, machine and business data reveal real time opportunities for commerce. 

HP has bet on efficient, open-source solutions that help you generate real-time, actionable insights from your data. The result is better and faster decision making.

Protect Your Digital Enterprise

Today’s massive data breaches demonstrate the security risks of a hyper-connected world. The threat landscape is wider and more diverse than ever before.

HP can help you manage risk in all its forms. We offer solutions for the full cyber-attack lifecycle, from threat research to intrusion monitoring and forecasting with big data. We also have backup and recovery options to ensure compliance and business continuity in the event of an incident.

Enable Workplace Productivity

The nature of work is changing. Employees are virtual. Alliances are ad hoc. Work happens anywhere, anytime, on any device. In the Idea Economy, companies must deliver experiences that empower employees and customers to create better outcomes.

HP can help you deliver rich digital and mobile experiences to customers, employees and partners. We have a proven track record of helping enterprises achieve greater productivity and collaboration while maintaining security and agility.