- General
- August 28, 2018
- 3 minutes read
HPE names former Sprint executive Tarek Robbiati as CFO
image credit : HPE Hewlett Packard Enterprise on the heels of just outing its financial results has also made a…
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| image credit : HPE |
Hewlett Packard Enterprise on the heels of just outing its financial results has also made a notable announcement involving a position change in the company as it has appointed a new CFO by name of Tarek Robbiati, A former Sprint executive and Flexigroup CEO who will now replace current CFO Tim Stonesifer who is getting ready to step down as of October end.
Stonesifer is stepping down after heading to HPE 4 years ago as CFO following a nearly 3 year stint as s CFO of General Motor’s Co. Shanghai-based International Operations division. His tenure witnessed a period of significant transformation which included execution of the largest separation in corporate history in addition to spin-offs and mergers of 2 business segments delivering more than $20 Billion of transaction value.
“Tim has been an incredible partner and advisor for our company and for me personally,” said HP CEO Neri. “He played a vital role during a period of tremendous change, providing strategic counsel and execution around the acquisition of Aruba, our separation from HP Inc. and the spin-merges of our Enterprise Services and Software businesses. Tim’s leadership has helped make HPE’s future possible. Our company owes him a debt of gratitude, and I wish him the very best.”
“Tarek has significant experience helping global companies create and deliver differentiated value for customers, teams and shareholders,” said Neri. “He is both a visionary leader and a pragmatic business operator with a proven track record in driving transformation and building and sustaining growth. HPE will benefit from Tarek’s financial expertise, his customer-centric mindset, and his industry segment knowledge, and I look forward to partnering with him as we continue to execute against our strategy.”
HPE reported higher than expected quarterly revenues and profit declaring $7.8 Billion revenue and $451 million net income for Q3 beating analyst estimates of $7.68 Billion for revenue during the period.
Its shares rose 1.9% to $17.05 in aftermarket trading in reaction to this news.
