HP announced today that Joseph Hanania, managing director and Technology Solutions Group lead of the company’s Middle East operations will retire from the company after 13 years and will pursue new business opportunities.
Hanania’s personal decision to retire from HP comes after a record 2006 performance year for HP worldwide and in the Middle East. A management transition plan was in place several months ago to ensure a seamless handover and business continuity between HP and its wide array of customers and partners in the region.
As of January 29, 2007 Wilhelm Rieder, HP Middle East controller, will be acting as managing director for HP Middle East and John Hoonhout, HP Middle East HPS manager will be acting as Technology Solutions Group lead for HP Middle East until a permanent successor to Mr. Hanania will be announced.
“Joseph Hanania has been instrumental in developing the company’s business in the Middle East region and has played a pivotal role in expanding our client base and enhancing our market share” said Jan Zadak, vice president and managing director Central & Eastern Europe, the Middle East and Africa. “We thank Joseph for his outstanding leadership throughout his time with HP and we wish him the best of luck in his future endeavours.”
“After a record year of performance for HP Middle East, I believe the time is right for me to take on a new personal challenge. I am confident that the local HP team will continue to support our customers and partners needs passionately and effectively. HP will continue to be committed to bringing the best technology and the most reliable solutions and services, packaged with an uncompromising system of values and ethics supported by a dedicated team of employees in the Middle East and around the world.” said Mr. Hanania.
HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at www.hp.com.
About HP Middle East
HP is the largest technology and solutions provider in the Middle East with 670 employees and subsidiaries in Dubai, Abu Dhabi, Riyadh, Jeddah, Khobar, Cairo, Ramallah and Oman servicing the GCC, Egypt and the Levant. HP has been present in the Middle East since 1968 and opened its first regional office in 1994. HP Middle East is the market leader for enterprise, small and medium business and consumer technology products and offers a large portfolio of solutions and services in various business domains.
More information about HP in the Middle East is available at www.hp.com/me
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 or market share relating to products and services; 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 the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2006, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.
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