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Tech Industry

Hewlett-Packard recasts executive suite

With the Compaq merger receding into the past, Michael Capellas vacates the office of HP president, and CEO Carly Fiorina consolidates her control over the tech titan.

With the Compaq merger receding into the past, Michael Capellas vacates the office of Hewlett-Packard president, and CEO Carly Fiorina consolidates her control over the tech titan. Analysts wonder whether Fiorina is taking on too much responsibility by not replacing her top lieutenant.


With the departure of Michael Capellas, Hewlett-Packard joins a growing roster of Silicon Valley's best-known companies without a clear No. 2 executive.
November 11, 2002 

update The tech company's president leaves to pursue other career opportunities--a move that could land him at downtrodden WorldCom.
November 11, 2002 

memo Chief Executive Carly Fiorina says in an e-mail to her staff that she plans to take over the duties of HP's departing president, and she looks ahead to next week's fourth-quarter earnings report.
November 11, 2002 

memo In an e-mail to the HP staff, Michael Capellas praises the company's management team and says he "will continue to be a customer, a partner and always a friend of HP."
November 11, 2002 

previous coverage

As the company enters its first full fiscal year as a combined entity with Compaq Computer, the old HP is looking to tie up loose ends, and the new one is looking toward the future.
October 31, 2002 

Printers, paper, toner, ink and other supplies account for the bulk of the tech giant's profits. But that well is not bottomless, and to keep the black ink flowing, HP is aggressively targeting new customers and expanding product lines.
October 28, 2002 

The combined company still faces many of the same criticisms leveled when the deal was announced: Technology mergers rarely work. The deal will be a distraction. IBM and Dell remain daunting rivals.
September 2, 2002 

After an eight-month proxy fight, a three-day trial, a blizzard of regulatory filings and a bitter boardroom squabble, HP completes the largest technology merger in history.
May 3, 2002