HP Inc. revealed this afternoon that Dion Weisler is stepping down as president and CEO. The executive pointed out a “household health matter” in his choice, noting that he will be returning home to Australia.
The business already has a follower lined up, as its president of Imaging, Printing and Solutions, Enrique Lores, got consentaneous approval from its board of directors. Lores will be assuming the leading spot on November 1.
” Enrique is a motivating and tested company leader and is the best individual to lead HP into the future. Since the time of separation, the board has had an ongoing and diligent succession planning procedure that consisted of vetting and benchmarking internal and external prospects,” board of directors chair Chip Bergh stated in a statement. “Through this rigorous process, Enrique became the board’s consentaneous choice as successor and we are positive he will develop on the company’s progress and profit from new chances.”
Meantime, Weisler is set to remain on the company’s board of directors through HP’s next shareholder meeting in order to “ensure a smooth transition.” That will keep him around through January of2020 Weisler joined the business in 2012, becoming CEO in 2015 when HP split from HP Business.
Lores’s history with the company reaches back much further. As HP notes, he joined the staff 30 years back, as an engineering intern.
” Thirty years back, I was drawn to HP by the company’s special ability to highlight the very best of mankind through the power of technology,” Lores said in a statement. “The opportunities ahead are vast and the requirement for us to keep reinventing is more crucial than ever. I continue to be motivated by our clients, partners and staff members, who are turning strong ideas into meaningful developments. This is where we will set our sights for the future.”
The news arrived as part of the Bay Area-based printing business’s third-quarter earnings.