Hewlett-Packard said Friday that it has combined its Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) into one unit and that Duane Zitzner, PSG executive vice president, has retired.
The combined division will be called the Imaging and Personal Systems Group (IPSG) and will be led by Vyomesh Joshi, currently IPG executive vice president.
Joshi and Zitzner couldn't be reached for comment.
An HP spokesman said the reorganization would have no impact on the company's channel relationships and programs. As a result, channel strategy will continue to be coordinated by HP's Solution Partners Organization (SPO). John Thompson, vice president and general manager of SPO Americas, was unavailable for comment.
Joshi will now be responsible for HP's printer, imaging and supplies, projectors and digital cameras business, as well as desktop and notebook PCs, handheld products, personal storage appliances and workstations, according to HP.
In HP's 2004 fiscal year, the IPG and PSG units had combined sales of $48.7 billion, more than half of HP's total revenue of $79.9 billion.
"Duane has led the Personal Systems Group through a significant turnaround," said HP Chairman and CEO Carly Fiorina in a statement. "He has successfully stabilized the business, returned it to profitability and growth, and leaves it in a healthy position for continued improvement under Vyomesh [Joshi]."
For its fiscal 2004 fourth quarter, ended Oct. 31, 2004, HP's PSG revenue grew 9 percent year over year to a record $6.5 billion. The group reported an operating profit of $78 million, its strongest profit performance since 2000. During the same period, the IPG posted record quarterly revenue of $6.5 billion and with operating profit of $1.1 billion.
