Compaq exec steps down
By Sandeep Junnarkar
Staff Writer, CNET News.com
May 11, 1999, 7:25 a.m. PT
Compaq Computer today announced that John Rando, a senior executive
at the company's services' unit, will be stepping down.
Rando served as senior vice president and general manager of Compaq
Services and will resign July 1.
Rando's resignation comes less than a month after the ouster of chief
executive Eckhard Pfeiffer by chairman Ben Rosen and other directors
because of the company's sagging fortunes. At the time, chief financial
officer Earl Mason also resigned.
Compaq insisted, however, that Rando's
resignation is unrelated to the shakeup.
Compaq's services' unit is considered
one bright spot for the company's recent
turbulent performance.
For the first quarter, service sales were
strong, pulling in $1.6 billion compared
to $113 million last year. When the
company reported its financial earnings
for the quarter in late April, it said the
services business performance met its
expectations. The company said it
expects the unit to post accelerated and
profitable growth going forward.
"Rando is stepping down to pursue
personal interests," said Compaq
spokesman Alan Hodel. "His decision to leave had absolutely nothing to do
with [the shakeup]."
Compaq said the company is aggressively trying to find a successor and that
Rando will help during the executive search.
"[Rando] built one of the most motivated and successful service
organizations in the computing world," Compaq's acting chief executive Ben
Rosen said in a statement. "[He] leaves the services organization in a strong
leadership position, with major customers recognizing our vast capabilities in
the sector."
The world's second largest computer maker said the services unit has a work
force of 27,000 people in more than 113 countries.
"We will continue to build on the strong foundation of the services
organization--a vital element of Compaq's future success," Rosen said.
Do you want to know more?
Read related news
View story in The Big Picture
Go to Message Boards
Search News.com
|
