Former HP president may join WorldCom
Former Compaq boss Michael Capellas has quit as president of the new Hewlett-Packard, less than six months after the high profile merger, and is rumoured to be moving to debt-ridden telecom WorldCom
Former Compaq boss Michael Capellas has quit as president of the new Hewlett-Packard, less than six months after the high profile merger, and is rumoured to be moving to debt-ridden telecom WorldCom
Link: HP/Compaq merger going well, says Fiorina
In a statement, Capellas said that he was ‘comfortable making this move because of the progress of the integration’. He is leaving to ‘pursue other career opportunities’.
In May, Cappellas told delegates at Merrill Lynch’s Hardware Heaven conference in San Francisco that the new HP has just six months to establish itself.
Speculation over Capellas position had mounted after he failed to show up at September’s European IT Forum in Monte Carlo, where he had been due to present a keynote address.
Capellas’ position as president at HP will not be replaced. All executives that reported to Capellas will now report directly to company chairman and chief executive officer, Carly Fiorina.
Capellas was formerly the chairman and chief executive officer of Compaq. He joined the company in 1998 as chief information officer and also served as chief operating officer.
Timeline: Michael Capellas