The following was released earlier today--after the market closed.
I do not know why Roel Pieper (CEO of Tandem Computer) left. I certainly do not view his departure as a positive development. He was the expert in running that business--although I was not particularly impressed by the financial results of Tandem during his tenure there.
I do not think that anyone whithin Compaq is ideally qualified to run the marketing functions of the Tandem Division. The non-Tandem parts of Compaq are very different businesses. Does anyone know why it makes sense for the Tandem marketing operations to be managed by the head of consumer division? Please let me know. (Only persons with detailed understanding of key factors for success of Tandem operations need to reply.)
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( BW)(COMPAQ)(CPQ) Compaq Computer Corporation
Announces Management Changes
Business/Technology Editors
HOUSTON--(BUSINESS WIRE)--Jan. 9, 1998--Compaq Computer
Corporation (NYSE:CPQ) announced today key management changes in three
organizations - Worldwide Sales, Marketing, Service and Support Group,
Consumer Products Group and the North America Sales and Marketing
Geography.
Michael Heil, Senior Vice President and Group General Manager, Consumer
Products Group, has been appointed Senior Vice President and General Manager,
Worldwide Sales, Marketing, Service and Support Group. Heil will be
responsible for Compaq's six sales and marketing regions, global accounts,
service and support, and marketing communications.
Heil replaces Roel Pieper, who has decided to leave the company. Pieper
became part of Compaq's senior management team following the merger with
Tandem Computers, where he was Chief Executive Officer. Pieper has been
instrumental in the merger integration of the two companies and in setting new
directions in the Worldwide Sales, Marketing, Service and Support Group.
Rod Schrock, Vice President of the Presario Division will become Vice
President of the Consumer Products Group and will oversee Compaq's
Consumer business. Schrock will continue to serve as Vice President of the
Presario Division until a successor is named.
In Compaq's North America Division, Jim Schraith, Vice President and
General Manager, has elected to leave the company, effective the end of January.
Schraith joined Compaq in 1996 and has been a driving force behind Compaq's
growth in the region. Mike Heil will also assume Schraith's duties until a
replacement is named.
Company Background
Founded in 1982, Compaq Computer Corporation, a Fortune Global 200
company, is a worldwide information technology company. Compaq is the fifth
largest computer company in the world and the largest global supplier of personal
computers. With worldwide sales of $20 billion in 1996, Compaq develops and
markets hardware, software, solutions and services, including industry-leading
enterprise computing solutions, fault-tolerant business-critical solutions,
networking and communications products, commercial desktop and portable
products and consumer PCs. The company is an industry leader in
environmentally friendly programs and business practices.
Compaq products are sold and supported in more than 100 countries through a
network of authorized Compaq marketing partners. Customer support and
information about Compaq and its products can be found at
compaq.com or by calling 1-800-OK-COMPAQ in North America.
Product information and North America reseller locations can be obtained by
calling 1-800-345-1518.
Compaq North America is headquartered in Houston, Texas. Its products and
services are sold and supported through a network of more than 25,000
commercial and consumer marketing partners across the United States and
Canada.
Historical financial results have been restated to reflect the pooling of Tandem.
Compaq, Registered U.S. Patent and Trademark Office. Product names
mentioned herein may be trademarks and/or registered trademarks of their
respective companies.
--30--mb/bos*
CONTACT: Compaq Computer Corporation
Jim Finlaw
281-514-6137
jim.finlaw@compaq.com
or
Miller/Shandwick Technologies
Liz O'Donnell
281-514-5893
lodonnell@miller.shandwick.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS MANAGEMENT CHANGE |
