PALO ALTO, CA--(Marketwired - May 24, 2013) - HP (NYSE: HPQ) today announced that Jim Murrin has been elected to serve as treasurer in addition to his current role as senior vice president of Corporate Development and Corporate Financial Analytics, effective July 1.
In this expanded role, Murrin will manage the company's worldwide cash, debt, foreign exchange, capital structure, risk management and benefits-plan administration, in addition to performing his current duties, which include assessing ongoing corporate development and company performance, establishing short- and long-term plans and helping to drive decisions on investment choices. He will continue to report to Cathie Lesjak, executive vice president and chief financial officer, HP.
"Jim is a highly adaptable and accomplished veteran HP leader," said Lesjak. "He has spent the last 23 years in a variety of roles, including several senior leadership positions, giving him a diverse perspective that is especially valuable as we make progress towards the company's turnaround."
In January, Murrin rejoined the Finance organization in his current role. Before returning to Finance, he was leading the Select Accounts Group within HP Enterprise Services; he previously served as HP's corporate controller.
Murrin will succeed John McMullen, senior vice president and treasurer, HP, who is retiring on July 1 after an impressive 32-year career with the company.
"John's tremendous business acumen and collaborative leadership style all have contributed to his stellar reputation at HP," said Lesjak. "He is a talented leader and dedicated mentor who will be greatly missed."
McMullen is looking forward to spending time with his family, exploring new hobbies and traveling during his retirement.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.