HP selects a new leader for Autonomy division
Robert Youngjohns has been appointed as the new CEO of Autonomy, the information management vendor owned by Hewlett-Packard (HP). This change marks the end of Mike Lynch's tenure as the company's leader, who left Autonomy more than three months ago following a "very disappointing" financial quarter.
HP, a publicly traded company based in the United States, is seeking to improve Autonomy's sales operations, interface with HP services, and implement a new organisational structure to support a $1 billion-plus company. According to HP CEO Meg Whitman, these changes are crucial for Autonomy's future success.
Robert Youngjohns, a British-born executive with a background in the technology sector, brings a wealth of experience to his new role. He graduated from Oxford and worked at GCHQ before joining IBM. His career path also includes stints at Sun Microsystems, Callidus, and Microsoft's North American division, where he currently heads sales and marketing.
Alan Pelz-Sharpe, a technology analyst at The 451 Group, suggests three objectives for HP to improve Autonomy: rationalise the product portfolio, invest in sales, services, and customer support, and implement management changes. Pelz-Sharpe also notes that one of HP's main challenges is to impose its culture on Autonomy, which he describes as having an aggressive working environment prior to the acquisition.
As part of its restructuring efforts, HP has revised its program and announced in a 10-Q quarterly filing with the U.S. Securities and Exchange Commission (SEC) that it will eliminate 29,000 positions over the next two years, an increase from its previous estimation of 27,000. A portion of these employees will exit the company as part of a voluntary enhanced early retirement ("EER") program for U.S. employees.
The new leadership at Autonomy will take effect next week. Youngjohns' appointment comes at a time when HP is facing significant challenges, but with his extensive experience in the technology sector, there is hope for a brighter future for Autonomy under his leadership.
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