Investing.com -- As part of a broad corporate restructuring plan unveiled on Monday ahead of the planned spin-off of its Enterprise Services division next March, Hewlett Packard Enterprise Co (NYSE:HPE) announced the retirement of Director of Hewlett Packard Labs Martin Fink, effective at year's end.
Fink, a 30-year veteran at Hewlett Packard, had served in his current role since last November. Previously, Fink, spent three years as the company's chief technology officer since November, 2012. In three decades with the tech giant, Fink worked in a variety of roles at Hewlett Packard, including Senior Vice President and General Manager of Business Critical Systems and Converged Application Systems. Fink, 50, has also served as a director with Santa Clara, Calif. based software company Hortonworks, Inc. since July, 2014.
"Martin has had a remarkable career, driving some of our most important initiatives, including our Cloud, open source and Linux strategies and leading the Business Critical Systems division and The Machine," Hewlett Packard CEO Meg Whitman wrote in a company memo. "Martin will leave a lasting impression on the company, and I know he will be missed."
Among other changes, Whitman said the company will consolidate its Product Marketing, E-commerce and Consumer Advocacy divisions into a single marketing organization under the leadership of Henry Gomez, the company's Chief Marketing and Communications Officer. In addition, Hewlett Packard Enterprise announced that Chris Hsu, the company's Chief Operating Officer, will now head its IT and Cyber Security teams.
"By having these teams work more closely with Chris, we will further leverage their capabilities across the company to drive process improvement, enhance customer and partner experience and employee engagement," Whitman added.
Shares in Hewlett Packard Enterprise closed at 17.20, down 0.96 or 5.29% on Monday. Hewlett Packard shares were inactive in after-hours trading.