HPs Clarke Resigns
Executive Vice President Jeffrey Clarke, former Compaq CFO and a key figure in the HP-Compaq merger, has resigned, effective immediately.Jeffrey Clarke, the former chief financial officer for Compaq Computer Corp. and a key figure in the companys integration into Hewlett-Packard Co., resigned from his post as executive vice president of global operations at HP, the company announced on Tuesday. HP officials declined further comment on the resignation, other than to say in a statement that it was effective immediately and that it was "mutually agreed to and was appropriate."
During HPs controversial $19 billion purchase of Compaq, Clarke and Webb McKinney, president of HPs Business Customer Organization at the time, led the integration planning team. It was that group that mapped out what the new HP would look like, including which products it would adopt from Compaq and HP and which ones it would let go.