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Ann Livermore

Ann Livermore
Ann Livermore, speaking in 2010.
Born (1958-08-23) August 23, 1958
Greensboro, North Carolina, USA
Residence Palo Alto, California, USA
Nationality American
Alma mater University of North Carolina at Chapel Hill, Stanford University
Occupation Company director

Ann Martinelli Livermore (born 23 August 1958) was formerly an Executive Vice President at Hewlett-Packard, where from 2004 until June 14, 2011 she led the HP Enterprise Business business unit of HP. After being relieved of day-to-day operations, she was elected to board of directors of HP.[1] At the time, she was a 29-year veteran of the company and among existing senior management, the longest-service executive.[2]

Contents

  • Life and career 1
    • Early life 1.1
    • Hewlett-Packard 1.2
  • Personal life 2
  • References 3
  • External links 4

Life and career

Early life

Livermore was born in Greensboro, North Carolina. She was the valedictorian at her North Carolina high school. She holds a bachelor's degree in economics from the University of North Carolina at Chapel Hill, where she was a Morehead Scholar, as well as an MBA from Stanford University.

Hewlett-Packard

Livermore came to HP right out of graduate school. Livermore has been at HP since 1982 and has worked in a variety of sales, marketing, and research and development jobs before being elected a corporate vice president in 1995.

In 1997, Livermore was elected to the board of directors of United Parcel Service.

In 1998, when head of HP's software and services business, the company's top executives agreed to put themselves through a 360-degree evaluation. Livermore observed:
"I learned that I'm a very, very well-controlled executive, but that my employees like when I go off the handle every once in a while, you know, show my human side - It reinforced that leadership means touching people's hearts as well as their brains, so since then I haven't worried so much about keeping my lid on."

Livermore has been credited with steering HP away from its decentralized culture and hardware mentality and was the brains behind HP's E-services strategy.[3] When HP CEO Lewis Platt announced in March 1999 that he would step down, Livermore confirmed that she wanted the job. Insiders say Livermore was the only internal candidate who made the short list, but, in July 1999, HP made the former Lucent Technologies executive Carly Fiorina the first female CEO of a Dow 30 company.[4]

Since 2004, Livermore has led HP's Technology Solutions Group (renamed Carly Fiorina was ousted in February 2005 as CEO. Mark Hurd from NCR Corp. was instead picked to be HP's new CEO.[5].

In 2008, Ann Livermore's reported compensation was reported to be $20,551,493. In the same year, Mark Hurd as CEO reported his compensation to be $42,514,524.[6]

On May 13, 2008, Hewlett-Packard Co. confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 Billion. The deal was completed on August 26, 2008. EDS became an HP business unit and was renamed EDS, an HP company. Ronald A. Rittenmeyer remained at the helm, reporting to Ann Livermore until his retirement.

With Mark Hurd's August 2010 departure, Livermore was once again a possible candidate for the top job however lost out to former SAP CEO, Léo Apotheker.

Livermore was named in Fortune and Forbes annual ranking of America's leading businesswomen.[7][8] As of 2011, her business unit was $60 billion which was half of total HP revenues and encompassed two-thirds of total HP staff.[2]

In the wake of HP pressuring employees to accept a 5% pay cut, it was revealed that Livermore's 2008 total compensation amounted to $20,551,493.[9]

On June 14, 2011, Livermore was replaced as head of HP Enterprises, as her top lieutenants, Dave Donatelli, software head Bill Veghte, and global sales leader Jan Zadak, were to report directly to the CEO. She was reported forced out since total services revenue had grown just 1% in the most recent fiscal year, despite the earlier acquisition of EDS in 2008.[2]

Personal life

References

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  2. ^ a b c
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External links

  • HP biography
  • HP speeches
  • Pictures of Ann Livermore at Picsearch
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