Cathie Lesjak, HP’s CFO credited for post-split turnaround, will retire

Cathie Lesjak, a Hewlett-Packard veteran who as chief financial officer helped steer the company through one of the largest corporate breakups, plans to retire from HP Inc. in early 2019.

Until her retirement, Lesjak will take on the operations chief role formerly held by Jon Flaxman, who died in March.

Steve Fieler, another known and trusted name at HP, will succeed her on July 1 as chief financial officer of HP Inc.
 , the printer and personal-computer maker born from the 2015 split. The executive changes were disclosed Tuesday as HP raised its annual forecast following strong results in the most recent quarter.

Lesjak, who joined Hewlett Packard in 1986, served as finance chief through two tumultuous administrations at the company and as interim CEO between the Mark Hurd and Leo Apotheker eras. The 59-year-old, who said she was looking forward to having some time off, is credited for helping drive HP’s performance and reinvention after the 2015 business split.

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