Jump to content

Ann Livermore

From Alfawiki
Ann Livermore
Born (1958-08-23) August 23, 1958 (age 68)
Greensboro, North Carolina, U.S.
OccupationBusiness executive
Years active1982–2011
Known forFormer Executive Vice President at Hewlett-Packard; leader of HP Enterprise Business division

Ann Martinelli Livermore (born August 23, 1958) is a former Executive Vice President at Hewlett-Packard. From 2004 until June 14, 2011, she oversaw the HP Enterprise Business division. After stepping away from daily management duties, she joined HP's board of directors. At that point, she had dedicated 29 years to the company, making her the longest-tenured senior executive.[1]

Early life

Livermore was born in Greensboro, North Carolina and graduated as her high school's valedictorian.[2] She completed her undergraduate studies in economics at the University of North Carolina at Chapel Hill as a Morehead Scholar and later earned an MBA from Stanford University.[3]

Hewlett-Packard

Upon finishing graduate school in 1982, Livermore joined HP and held various positions across sales, marketing, and research and development before advancing to corporate vice president in 1995.[4]

In 1997, she was appointed to the board of United Parcel Service.[4]

Leading HP’s software and services segment starting in 1998, Livermore played a pivotal role in transitioning HP from its traditional decentralized hardware model toward an emphasis on E-services.[5] She was widely regarded as a top internal contender for CEO when Lewis Platt resigned in 1999; however, the company selected former Lucent executive Carly Fiorina.[6]

Beginning in 2004, Livermore led HP’s Technology Solutions Group—renamed HP Enterprise Business in 2009—a division generating over $30 billion annually that included storage, servers, software, and services for enterprise clients worldwide. Under her leadership, this unit transformed from a costly distraction into a significant growth engine. She was again considered for CEO after Fiorina’s departure in 2005 but ultimately lost out to Mark Hurd.[7]

In 2008, despite company-wide salary reductions, Livermore earned $20.55 million in total compensation; that same year CEO Mark Hurd received $42.5 million.[8]

Following HP’s $13.9 billion acquisition of Electronic Data Systems (EDS) in 2008, EDS operated as a unit reporting directly to Livermore until its CEO retired.[9]

After Mark Hurd stepped down in August 2010, Livermore was once again considered for the CEO position but was passed over in favor of former SAP CEO Léo Apotheker.[10]

Livermore has been recognized on Fortune and Forbes lists highlighting America’s most influential businesswomen.[11][12] By 2011, her division accounted for half of HP’s revenue—approximately $60 billion—and employed two-thirds of its workforce.[1]

On June 14, 2011, Livermore was succeeded as head of HP Enterprise; thereafter key executives reported directly to the CEO. This change followed sluggish growth in services revenue despite the earlier acquisition of EDS.[1]

Personal life

In 2005, Livermore received a kidney transplant due to a medical condition that has not been publicly disclosed.

External links

  1. ↑ 1.0 1.1 1.2 Cite error: Invalid <ref> tag; no text was provided for refs named informationweek1
  2. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  3. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named GSB
  4. ↑ 4.0 4.1 Cite error: Invalid <ref> tag; no text was provided for refs named :0
  5. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  6. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  7. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  8. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  9. ↑ Citation needed
  10. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  11. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  12. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
Retrieved from "https://www.alfawiki.org/index.php?title=Ann_Livermore&oldid=22155"