HP Appoints Christopher Morgan to Lead Imaging and Printing Group’s Graphics Solutions Business

PALO ALTO, Calif. — (BUSINESS WIRE) — September 29, 2009 — HP (NYSE: HPQ) today announced the appointment of Christopher Morgan as senior vice president of the Graphics Solutions global business unit within company’s Imaging and Printing Group, effective Nov. 1.

He will report to Vyomesh Joshi, executive vice president of the Imaging and Printing Group. Morgan succeeds Michael Hoffmann, who is leaving HP to pursue other professional interests.

Morgan will lead the teams responsible for accelerating the company’s growth in the graphics marketplace, which represents an estimated $30 billion global opportunity. HP’s Graphics Solutions business includes a portfolio of devices, services and solutions that span segments ranging from high-speed inkjet printing to design, signage and transactional publishing to commercial digital presses.

“The graphics marketplace is a tremendous opportunity for HP, with what we estimate will be 1.4 trillion prints going digital by 2012,” said Joshi. “Chris is an exceptional leader with deep business experience and a passion for serving customers that will help drive the analog to digital print transformation and take our business to the next level.”

A 20-year veteran of HP, Morgan has held a number of global and regional senior management posts, most recently as senior vice president of the Imaging and Printing Group in the Asia Pacific and Japan region. In this position, he was responsible for overseeing and accelerating all imaging and printing initiatives in the region, including sales and marketing, supply chain and operations, and customer experience across the consumer, small- to medium-size business, enterprise and graphics segments.

Morgan will be based in San Diego. He graduated from the University of Wisconsin, Madison, with a Bachelor of Science in journalism and psychology.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP is available at http://www.hp.com/.

Note to editors: More news from HP, including links to RSS feeds, is available at http://www.hp.com/hpinfo/newsroom/.

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; any statements regarding 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 macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2009 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2009 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.



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