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HP's split now official, with detailed plans filed

By Ian Chee - on 3 Jul 2015, 4:01pm

HP's split now official, with detailed plans filed

It was in October last year when we first hear that Hewlett-Packard (HP) was serious about dividing itself into two separate entities. The whole thing is now apparently official, with the US$110 billion company laying out its most detailed plan to date on how it will split into two companies. The company is reportedly on track to complete the separation process on November 1.

As was reported in October, the HP that we know today, come November 1, will be known as Hewlett-Packard Enterprise (HPE) and HP Inc. The former will cater to the big businesses as the name suggests, while the latter will continue to sell PCs and printers to individual consumers.

HP's current CEO Meg Whitman will continue to lead HPE, while also being chairman of HP Inc.<br>Image source: TechSpot.

Current CEO Meg Whitman will continue to lead HPE while also being chairman of HP Inc. Dion Weisler, currently heading HP’s printing and PC units ,will be CEO of HP Inc. while Patricia Russo, currently HP’s lead independent director, will be chairman of HPE.

Source: Re/code.