HP picks GSK restructuring veteran Walmsley as CEO, shares jump over 6%
HP Inc. has named former GSK chief and Microsoft board member Emma Walmsley as its new Chief Executive Officer, concluding an executive search. Walmsley is scheduled to take the helm effective January 4, 2027. Following the appointment, HP shares jumped over six percent. The leadership change comes as the personal computer maker navigates a challenging industry environment marked by a memory-chip crunch that has driven up prices and spurred a steep downturn, alongside a broader pivot toward artificial intelligence hardware.
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- ✓ HP Inc. named former GSK chief and Microsoft board member Emma Walmsley as CEO.
- ✓ Emma Walmsley is set to take office as Chief Executive Officer effective January 4, 2027.
- ✓ HP shares jumped over 6% following the leadership announcement.
- ✓ The appointment concludes an executive search by the HP Board of Directors.
What changed
HP Inc. officially concluded its executive search by appointing Emma Walmsley as CEO.
Live updates
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HP Appoints Former GSK Chief Emma Walmsley as CEO
HP Inc. has named former GSK chief and Microsoft board member Emma Walmsley as its new Chief Executive Officer, concluding an executive search. Walmsley is scheduled to take the helm effective January 4, 2027. Following the appointment, HP shares jumped over six percent. The leadership change comes as the personal computer maker navigates a challenging industry environment marked by a memory-chip crunch that has driven up prices and spurred a steep downturn, alongside a broader pivot toward artificial intelligence hardware.
Why it matters
The selection of an outsider from the pharmaceutical sector brings extensive corporate transformation and restructuring experience to traditional hardware manufacturing. Industry partners note that bringing in leadership from outside the information technology industry could introduce fresh insights into operations. Walmsley previously made history as the first woman to run a major pharmaceutical company at GSK.
What is confirmed
- HP Inc. named former GSK chief and Microsoft board member Emma Walmsley as CEO.
- Emma Walmsley is set to take office as Chief Executive Officer effective January 4, 2027.
- HP shares jumped over 6% following the leadership announcement.
- The appointment concludes an executive search by the HP Board of Directors.
What to watch next
- Emma Walmsley assuming the CEO role on January 4, 2027
- HP strategy updates regarding the artificial intelligence hardware pivot and memory-chip cost management
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- Reuters — HP picks GSK restructuring veteran Walmsley as CEO, shares jump over 6%
- Bloomberg.com — HP Appoints Emma Walmsley as CEO, Concluding Executive Search
- Barron's — HP Inc. Stock Rises After Pharma Heavyweight Named CEO
- CRN — HP’s CEO Hire From Outside IT Industry Is Smart Move, Could Bring ‘New Insights’: Partners
- The Business Journals — Former GSK chief Emma Walmsley named HP CEO as company pivots to AI hardware
- WSJ — HP Taps Former GSK Executive Emma Walmsley as Next CEO
- www.aol.com — HP picks GSK restructuring veteran Walmsley as CEO, shares ...
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- nypost.com — HP taps Emma Walmsley as CEO to revive sluggish PC market
- www.hp.com — HP Inc. Appoints Emma Walmsley as Chief Executive Officer
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