HP reportedly plans to split off PC and enterprise businesses in new restructuring

In a reported new restructuring, HP is planning to split the company into two businesses and an announcement could come as early as Monday. The move would see two separate companies, one containing the consumer computer and printer businesses while the second company would be tasked with corporate hardware and services.

The split is said to be "long contemplated" by the company and would result in current CEO Meg Whitman being CEO of the separate enterprise business while holding the chairman position of the PC and printer business, according to a report on the Wall Street Journal.

Ms. Whitman will be chairman of the PC and printer business and CEO of the separate, so-called enterprise company, one of the people said. Current lead independent director Patricia Russo will be chairman of the enterprise company, while Dion Weisler, an executive in the PC and printer operation, is to be CEO of that business, this person said.

There's been quite a bit of changes in the PC business in recent years with Samsung announcing plans to stop selling laptops in Europe and Dell taking its business private.

What do you think of HP's move? Do you think that splitting into two separate companies would give HP the agility to release compelling products faster to be more competitive?

Source: WSJ