HP names Bill Veghte new COO, hands over the keys to HP Software

After successfully piloting HP's software division and, presumably, performing well as the company's chief strategy officer, Bill Veghte is getting a promotion. Effective immediately he'll be taking over as COO of the struggling computer manufacturer and finally handing over the keys to HP Software. As Veghte is forced to give up his executive vice president's position, George Kadifa will be stepping it to take up the charge of leading the non hardware-based part of the business. The move will also mean that Veghte will be working even more closely with CEO Whitman, who expressed confidence in Veghte. The shakeup comes shortly on the heels of a particularly tough financial quarter and the announcement of 27,000 layoffs. Check out the complete PR after the break.

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HP names Bill Veghte new COO, hands over the keys to HP Software originally appeared on Engadget on Wed, 30 May 2012 11:32:00 EDT. Please see our terms for use of feeds.