Mr. Veghte joined HP in 2010 after spending 19 years at Microsoft, having been repeatedly passed-over as a candidate for the presidency of the Windows division.
“Every 10 to 15 years, fundamental shifts occur in the IT industry that redefine how technology is delivered,” said Meg Whitman, HP president and chief executive officer in a press release. “From mainframes to client/server to the internet, companies that identified the opportunity first and developed the right strategy came out on top. As we move forward, HP intends to stay on top, and I believe Bill has the knowledge and vision to keep us there.”
Mr. Veghte will remain in his posistion as executive vice president of HP software but will also define strategy at the company, HP said in a statement. In addition, Mr. Veghte will spearhead HP’s cloud and webOS open-source efforts.
Mr. Vegthe joined HP shortly before Mark Hurd resigned as CEO over accusations of sexual harassment. Mr. Hurd’s departure was followed by the ill-fated Apotheker regime, where the company’s stock lost 45% of its value.