SAN FRANCISCO — HP Inc. is losing the chief executive who has been leading the personal computer maker since it broke off as a separate company four years ago.
The Palo Alto, California, company says CEO Dion Weisler will step down from the job Nov. 1 because of an undisclosed family issue. He will be succeeded by Enrique Lores, who currently oversees an HP division that includes its highly profitable business of selling ink for the company’s printers.
Weisler joined HP in 2012 and became CEO in 2015 when the company split is PC and printer operations from its businesses specializing in business software. That part is now known as Hewlett Packard Enterprise and was run by former California gubernatorial candidate Meg Whitman until her departure from that post last year.
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HP’s shares fell 6% to $17.72 in prolonged buying and selling Thursday after the information of Weisler’s impending departure got here out. The response, nevertheless, might have been pushed by the discharge of HP’s monetary outcomes for its fiscal third quarter and outlook for the present three-month interval ending in October.
The corporate’s earnings for the previous quarter exceeded analyst estimates that steer investor expectations, however HP’s steering would possibly lag analyst projections for the present quarter.
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