HP announces plan to split in two

Hewlett-Packard is officially splitting in two. Following rumors over the weekend, HP is announcing today that it will separate its PC and printer division from its enterprise and services business. The split means current CEO Meg Whitman will become the chairman of the PC and printer operation, and continue as CEO of the split-off enterprise business. Dion Weisler, an executive at HP’s PC business, will take over as CEO of the company’s PC and printer operation.

HP Enterprise is the newly split-off part of the original company, and HP Inc will continue to focus on PCs and printers. "The decision to separate into two market-leading companies underscores our commitment to the turnaround plan," says HP CEO Meg Whitman. "It will provide...

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