The new entity will be led by Todd Bradley (pictured, right), who was the executive vice president of PSG since 2005. The vice president of IPG, Vyomesh Joshi, will retire after a 31-year career at HP.
The rationale behind the move is, of course, savings. "Combining these two entities will rationalize HP's go-to-market strategy, branding, supply chain and customer support worldwide," says HP.
The move comes after a tough year for HP. It shut down webOS and almost gave up on its PC business, only to change its mind mere months later, under Meg Whitman's new leadership.
Besides this major change, HP has also announced several minor organizational changes. The company's Global Accounts Sales organization will join the new HP Enterprise Group, led by David Donatelli.
HP will also move its Global Real Estate function from Finance into Global Technology and Business Processes.