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Capellas: Decision "not an easy one"

HP's Michael Capellas says in an e-mail to employees that the company has the "best management team" in the industry.

Hewlett-Packard President Michael Capellas on Monday announced he would leave the company to pursue other opportunities, possibly including taking the top spot at troubled telecommunications company WorldCom.

The following is an e-mail sent to staff following the news of his departure:

To: HP Global Team

From: Michael Capellas

I've spent a lot of time during the past few months meeting with customers, partners and employees, and one thing is very clear--we have come a long way in building the new HP. We have one of the best portfolios of technology, products and services in the industry. We have defined strong, three-year product roadmaps. And our customers believe in this company. There is no question in my mind that we have the market momentum to build on our leadership and redefine the information technology landscape.

Although my decision to leave HP was not an easy one, I felt I could make this move because of the significant progress we've made with the integration and the strength of the management team we have put in place. It is, in my opinion, the best management team in the industry. I could not be more proud of our accomplishments or more confident in the future of HP.

Great companies are defined not only by the strength of their products and services but by the talent and dedication of their employees. I have had the honor of working, first, with the people of Compaq and now with the people of HP. I have never worked with a more talented or dedicated group of people in my career. I am grateful for your support.

I particularly want to thank Carly for her leadership and her friendship. I have come to know her well during the past two years, and I have tremendous respect for her--not only as a leader but as someone who combines clear vision with the ability to execute on that vision. She is a woman of courage, strong convictions and deep faith in HP and its employees. And I know she will lead HP to great success.

Although I'm leaving, nothing will change the love I have for this company and its people. Rest assured that as I continue my career in the technology business, I will continue to be a customer, a partner and always a friend of HP.

I wish you all the best.

Michael