Hewlett-Packard has given its top enterprise server and storage executives, Peter Blackmore and Jim Milton, their walking papers in the wake of a $208 million third-quarter operating loss for the division.
An HP spokesperson confirmed the management shakeup. Both Blackmore and Milton were senior Compaq executives who joined HP after it acquired Compaq two years ago.
Mike Winkler, who will retain his current job as executive vice president and chief marketing officer, replaces Blackmore. Jack Novia, who was senior vice president and general manager of the HP Technology Solutions Group, replaces Milton.
HP disclosed the changes internally after it announced on Thursday that it would miss its fiscal third- and fourth-quarter estimates because of problems in its enterprise storage and server unit. The news sent HP shares tumbling 16 percent to $16.28.
Blackmore, who reported to HP Chairman and CEO Carly Fiorina, was executive vice president of HP's Customer Solutions Group, which is responsible for account management of the company's enterprise and small- and midsize-business customers. Milton, who reported to Blackmore, was managing director for the Americas and senior vice president of the Enterprise Systems Group.
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