Palo Alto, CA—HP Inc. named Steve Fieler chief financial officer, an appointment that becomes effective July 1. Fieler will succeed Cathie Lesjak, who will assume the role of interim COO (chief operating officer).
With more than 20 years of experience, Fieler is a seasoned professional. He currently leads the treasury and corporate finance functions at the company. Fieler is responsible for managing cash, debt, risk management and capital structure as well as financial planning and analysis, investor relations, credit and collections, and corporate development.
“Having worked with Steve over many years, I have great confidence in his ability to propel us forward and also continue to drive profitable growth,” said Dion Weisler, president and CEO of HP. “I’ve enjoyed a tremendous partnership with Cathie and I look forward to the same collaboration with Steve. He has a deep understanding of our global business, a stellar operational and financial track record, as well as valued relationships within the investment community.”
An 11-year HP veteran, Fieler served in a range of finance as well as operational roles at the Hewlett Packard Company prior to the November 2015 separation. These posts included vice president CFO for HP Software, a $4B division of the company. However, in 2014, he left to become CFO at Proteus Digital Health, a pioneer in digital medicine. He rejoined HP in January 2017.
Fieler has a bachelor’s degree in economics from Brown University and a master’s of business administration from Harvard Business School.
HP Inc. Interim COO Named
Cathie Lesjak has served in a wide range of prominent leadership roles in her 32 years at HP. She had been acting CEO of Hewlett Packard Company. She was named CFO in 2007, a position she held until the company separation. At that time, Lesjak became CFO of HP Inc. Moreover, she will serve as interim COO until her retirement, which is planned for some time in early calendar 2019.
“Cathie deserves tremendous credit for helping drive our performance, growth and also reinvention,” added Weisler.
“Our strategy is working; the team is focused and we’re firing on all cylinders. She is a best-in-class leader with incredible commitment to delivering shareholder value and also has done an extraordinary job assembling a world-class team. I’m grateful for her continued support and leadership in the COO role.”
Furthermore, in related news HP announced strong financial results for the second quarter of fiscal year 2018.