Hewlett-Packard (HPQ)

HP Names Todd Bradley as Executive Vice President of Personal Systems Group

PALO ALTO, Calif., June 13, 2005

HP today announced that it has appointed R. Todd Bradley to serve as executive vice president of its Personal Systems Group (PSG), which includes the company’s notebook and desktop PCs, handhelds, monitors, workstations and related support services.

Bradley, 46, most recently spent four years at palmOne, Inc., three as president and chief executive officer. His appointment re-establishes PSG as a standalone business, following its combination in January 2005 with the Imaging and Printing Group (IPG). Vyomesh (V.J) Joshi, who had served as executive vice president of the combined Imaging and Personal Systems Group, will resume his former role as executive vice president of IPG.

Bradley has a 25-year management career with extensive international experience. Prior to palmOne, he spent three years at Gateway, Inc., most recently as executive vice president, global operations, and previously ran its operations in Europe, Middle East and Africa. He has also held senior roles at GE Capital Corp., The Dun & Bradstreet Corp. and FedEx Corp.

Bradley will join HP’s Executive Council as its 10th member, marking HP’s second expansion of the council this month.

“Todd Bradley is an outstanding executive with a long track record of growing businesses, executing against plans and exceeding targets,” said Mark Hurd, HP chief executive officer and president. “His experience driving growth and profitability in highly competitive hardware fields makes him well-suited for this position.

“Under VJ’s leadership, the PC business has continued to grow and improve its profit margins, and I’d like to congratulate him on those efforts. Now, by managing PSG and IPG as separate, highly focused organizations, we can further sharpen our competitiveness and improve our cost structures.”