Hewlett-Packard is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal-computing businesses it pioneered. Chief Executive Officer Meg Whitman will lead Hewlett-Packard Enterprise, a new company focusing on corporate hardware and services, while Dion Weisler, the vice president in charge of personal-computer and printer operations, will become CEO of that business, called HP Inc., Hewlett-Packard said in a statement today. However, the firm’s current logo will be retained by HP Inc.
HP’s decision to split in two spells good news for the company’s customers, according to analysts, while reshaping the stagnant PC market. As the PC market lacks the growth of, say, mobile devices, experts believes that HP’s split will help it drive some innovation. In its statement, the company touted 3D printing and new computing experiences as key elements of HP Inc.
“By transitioning now from one HP to two new companies, created out of our successful turnaround efforts, we will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders”, said Whitman, in the company’s statement.
Undoubtedly, this split is a bold and smart move by HP enabling it with bigger focus and flexibility in coming days.