EDS chief to retire
Published: 08 Dec 2008 09:15 GMT
EDS chief executive Ronald Rittenmeyer will retire as of 31 December, HP said in a statement on Friday.
Taking the place of Rittenmeyer (pictured) will be Joe Eazor, a current EDS senior vice president, who will report to Ann Livermore, head of HP's business-technology unit. EDS will be folded into that group, HP noted.
HP announced plans in May to acquire EDS for $13.9bn (£9.45bn), and completed its acquisition in August. At the time, it was expected that EDS would operate a new business unit, which would be called EDS, and that it would continue to be led by Rittenmeyer.
Rittenmeyer, who had reported to HP chief executive Mark Hurd, joined EDS in 2005 and was named chairman and chief executive in 2007. He played a key role in accelerating the company's transformation and subsequent integration within HP, Hurd said.
Eazor was executive vice president of corporate strategy and business development at EDS prior to the acquisition. He also served as senior vice president of EDS Asia-Pacific, with responsibility for more than 30,000 employees in the region, including in India, China, Japan, Korea, south-east Asia, Australia and New Zealand.
HP executives have said they bought EDS to expand HP's business beyond computing and printers. HP has been trying to develop its software and services business over the last few years. EDS adds a service component that will help the company compete head to head with IBM.
In September, HP announced plans to cut 24,600 jobs over the next three years in the wake of its EDS purchase. In addition, a number of business publications reported on Friday that HP is freezing worker salaries in a cost-containment effort. However, HP employees will still receive their end-of-year bonuses, the company said.
Credit: EDS chief executive Rittenmeyer to retire from CNET News
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