In a recent announcement, HP Inc. named Marie Myers as its Chief Financial Officer (CFO), effective immediately. Myers, an HP veteran, had been serving as the interim CFO and Chief Transformation Officer (CTO) since October 2020. This appointment is a testament to her exceptional leadership and accomplishments throughout her career.
With over 20 years of experience at HP, Marie Myers has consistently delivered outstanding results and demonstrated her strategic acuity, operational discipline, and purpose-driven leadership. As Chief Transformation Officer, she spearheaded HP's digital transformation initiatives, revolutionizing customer service and streamlining expenses. Her efforts not only improved operational efficiency but also positioned HP well to meet its priorities.
HP Inc. President and CEO, Enrique Lores, expressed his confidence in Myers, stating, "Marie is one of HP's most respected leaders, and she has a proven track record of success throughout her career."
He acknowledged her ability to deliver exceptional outcomes, unlock new sources of value, and drive long-term shareholder value. Myers' extensive experience and deep understanding of the company make her an invaluable asset in executing HP's vision.
Marie Myers' journey with HP spans several key roles that have shaped her professional trajectory. As Global Controller and Americas CFO of the Personal Systems business area, she played a vital role in managing HP's financial operations.
She also led HP's finance during its monumental separation in 2015, which stands as one of the largest and most complex separations in business history. These experiences have honed her financial expertise and equipped her with a unique perspective on navigating challenging transitions.
Prior to her role as CFO of HP, Myers served as the CFO of UiPath, a prominent technology company. Her experience in this role further solidified her financial acumen and ability to drive success in a dynamic and rapidly evolving industry.
Beyond her professional accomplishments, Marie Myers is deeply committed to promoting diversity and STEM education. She actively contributes to the boards of the University of St. Thomas Advisory in Houston and the University of Queensland in America, Inc.
Through these roles, she champions initiatives that foster inclusivity and empower the next generation of leaders.
Marie Myers' educational background is equally impressive. She studied political science and economics at the University of Queensland in Brisbane and holds an MBA from the University of St. Thomas in Houston.
Her interdisciplinary knowledge base has undoubtedly contributed to her multifaceted approach to problem-solving and strategic decision-making.
At InfoComm 2023, a professional audiovisual trade show in Orlando, HP Poly showcased its latest AI-powered audio and video solutions to enhance collaboration experiences from anywhere.
HP estimates it will incur about $1.0 billion in labor and non-labor costs related to restructuring and other charges, with nearly $600 million in fiscal 2023 and the rest split between the following two years. The company, which employs nearly 50,000 people, said it expects to reduce its headcount by between 4,000 and 6,000.
Under her leadership, HP has developed innovative technologies, tools, and processes to enhance the customer experience, enable new business models, and generate substantial cost savings. She will continue in this role until a new Chief Transformation Officer is appointed.