Update Your Resume, HP's Looking for New Blood

Posted 05/23/2011 at 7:14am | by Paul Lilly

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How's your resume looking these days? If you have experience with senior management and a passion for software, you may have what it takes to land at job at Hewlett Packard. Citing "people familiar with the matter," Bloomberg says more high level workers are getting ready to jump HP's ship, including senior vice presidents Marius Haas, Tom Iannotti, and Gary Budzinski.

That should create at least three new job openings, plus HP is also looking for a new senior executive to lead its software business. And if you're weary about joining a company having trouble holding onto high level help, don't worry, HP's ship isn't sinking, it's just changing course.

"There's been a shift in how they think strategically about the business," said Abhey Lamba, an analyst at International Strategy & Investment Group in New York. "You're going to see people leave and new blood come in."

According to Bloomberg and its sources, Haas, who was in charge of HP's computer networking division, is leaving because of an apparently better offer at private equity firm KKR & Co. Iannotti, who led HP's enterprise services, is simply retiring, and Budzinski is simply leaving.

Though HP's ship isn't sinking, the OEM has been navigating through rough waters lately. After just six months on the job, HP's CEO, Leo Apotheker, cut $1 billion from his annual sales projection and issued current-quarter forecasts that fell shy of expectations on Wall Street, mostly due to slumping PC sales.

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