HP's Clarke resigns

FRAMINGHAM (12/01/2003) - Jeff Clarke, the former Compaq Computer Corp. CFO who led the integration team overseeing the company's merger with Hewlett-Packard Co. (HP), has resigned effective immediately from HP. Along with Webb McKinney, who also recently announced plans to retire, Clarke was in charge of orchestrating the integration of the largest acquisition in the technology industry's history. After the integration, Clarke assumed the role of executive vice president of global operations in charge of HP's supply chain operations. An HP spokesman said the company would not comment on reasons for Clarke's departure. A call to Clarke's office was greeted by an automated message informing callers the line had been disconnected, and an e-mail message was returned to sender. A number of HP executives have left the company in recent weeks, including the former head of Compaq's server division, Mary McDowell. Despite the departures, HP last week posted its best financial results since the merger with Compaq.

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