Fiorina Named HP President and CEO

Hewlett-Packard Company announced that Carleton (Carly) S. Fiorina has been named President and Chief Executive Officer, succeeding Lewis E. Platt, who previously announced his intention to retire. Fiorina also will join the HP Board of Directors. Fiorina was president of Lucent Technologies’ Global Service Provider Business, Lucent’s largest and fastest-growing division, with more than $20 billion in annual revenue.

Platt, 58, will remain chairman until year-end, by which time HP’s computing and imaging businesses are expected to be independent of its measurement businesses. Upon Platt’s retirement on Dec. 31, 1999, Richard (Dick) A. Hackborn, 60, a former HP executive and a current member of the board of directors, has agreed to become non-executive chairman. For more information, visit www.hp.com.