Compaq reorg expected
tomorrow
By Dawn Kawamoto and Michael Kanellos
Staff Writers, CNET News.com
June 16, 1999, 9:45 p.m. PT
update As Compaq continues reshuffling its
management, the computer giant is expected to
announce a structural reorganization tomorrow morning.
Details of the reorganization are expected to be unveiled
shortly before the markets open,
sources said.
The move comes as a number of
executives have left the
company--with Hans Gutsch,
senior vice president of human
resources, today becoming the
latest to go. Gutsch was a
high-ranking executive and
confidant of former CEO Eckhard
Pfeiffer, who was forced out
earlier this year amid slumping
sales and shareholder
dissatisfaction.
Company officials said Gutsch's
retiriement was effective immediately.
The departure will likely not be viewed as a surprise as the
executive was closely associated with Pfeiffer. Others close to
the former CEO, such as former CFO Earl Mason and senior
vice president John Rose, have already left.
Earlier this month, Compaq named Michael D. Capellas as its
acting chief operating officer and Enrico Pesatori to head up
the crucial enterprise computing group. (See related story)
"During his 11-year tenure, Hans was instrumental in
developing Compaq's global infrastructure as the company
grew from 2,000 to 70,000 employees," said Benjamin M.
Rosen, chairman and acting chief executive officer.
Meanwhile, the company continues to search for a CEO to
replace Pfeiffer.
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