Ann Livermore

Last updated
Ann Livermore
Ann Livermore.jpg
Livermore in 2010
Born
Ann Martinelli Livermore

(1958-08-23) August 23, 1958 (age 63)
Greensboro, North Carolina, US
NationalityAmerican
Alma mater University of North Carolina at Chapel Hill, Stanford University
Occupation Company director

Ann Martinelli Livermore (born 23 August 1958) is a former Executive Vice President at Hewlett-Packard, where from 2004 until June 14, 2011, she led the HP Enterprise Business business unit of HP. After being relieved of day-to-day operations, she was elected to board of directors of HP. [1] At the time, she was a 29-year veteran of the company and among existing senior management, the longest-service executive. [2]

Contents

Life and career

Early life

Livermore was born in Greensboro, North Carolina. She was the valedictorian at her North Carolina high school. [3] She holds a bachelor's degree in economics from the University of North Carolina at Chapel Hill, where she was a Morehead Scholar, as well as an MBA from Stanford University. [4]

Hewlett-Packard

Livermore came to HP right out of graduate school. Livermore has been at HP since 1982 and has worked in a variety of sales, marketing, and research and development jobs before being elected a corporate vice president in 1995. [5]

In 1997, Livermore was elected to the board of directors of United Parcel Service. [5]

In 1998, when head of HP's software and services business, the company's top executives agreed to put themselves through a 360-degree evaluation. Livermore observed:

"I learned that I'm a very, very well-controlled executive, but that my employees like when I go off the handle every once in a while, you know, show my human side - It reinforced that leadership means touching people's hearts as well as their brains, so since then I haven't worried so much about keeping my lid on."[ citation needed ]

Livermore has been credited with steering HP away from its decentralized culture and hardware mentality and was the brains behind HP's E-services strategy. [6] When HP CEO Lewis Platt announced in March 1999 that he would step down, Livermore confirmed that she wanted the job. Insiders say Livermore was the only internal candidate who made the short list, but, in July 1999, HP made the former Lucent Technologies executive Carly Fiorina the first female CEO of a Dow 30 company. [7]

Beginning in 2004, Livermore led HP's Technology Solutions Group (renamed HP Enterprise Business in 2009), a US$30 billion-plus business that encompassed storage and servers, software and services. The products and services from this organization serve HP's business customers of all sizes in more than 170 countries. Once thought of as a costly distraction, this group is now seen as a source of future growth. Livermore's name was mentioned as a possible candidate to take over at HP when Carly Fiorina was ousted in February 2005 as CEO. Mark Hurd from NCR Corp. was instead picked to be HP's new CEO. [8]

In the wake of HP pressuring employees to accept a 5% pay cut, it was revealed that Livermore's 2008 total compensation amounted to $20,551,493. In the same year, Mark Hurd as CEO reported his compensation to be $42,514,524. [9] [10]

On May 13, 2008, Hewlett-Packard Co. confirmed that it had reached a deal with Electronic Data Systems to acquire the company for $13.9 Billion. The deal was completed on August 26, 2008. EDS became an HP business unit and was renamed "EDS, an HP company." Ronald A. Rittenmeyer remained at the helm, reporting to Ann Livermore until his retirement.[ citation needed ]

With Mark Hurd's August 2010 departure, Livermore was once again a possible candidate for the top job, however lost out to former SAP CEO, Léo Apotheker. [11]

Livermore was named in Fortune and Forbes annual ranking of America's leading businesswomen. [12] [13] As of 2011, her business unit was $60 billion which was half of total HP revenues and encompassed two-thirds of total HP staff. [2]

On June 14, 2011, Livermore was replaced as head of HP Enterprise, as her top lieutenants, Dave Donatelli, software head Bill Veghte, and global sales leader Jan Zadak, were to report directly to the CEO. She was reportedly forced out since total services revenue had grown just 1% in the most recent fiscal year, despite the earlier acquisition of EDS in 2008. [2]

Personal life

In 2005 Livermore had a kidney transplant for an undisclosed ailment. [14]

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References

  1. ↑ Brandon Bailey (June 14, 2011). "HP announces big shake-up in top management". evri.com. Retrieved 15 June 2011.
  2. 1 2 3 McDougall, Paul (2011-06-14). "Key Reason HP's Apotheker Kicked Livermore: Services Speed - Services - Outsourcing". Informationweek. Retrieved 2012-02-29.
  3. ↑ "#19 Ann Livermore - Forbes.com". www.forbes.com. 2006-08-31. Retrieved 2017-09-23.
  4. ↑ "Ann Livermore, MBA '82". Stanford Graduate School of Business. Retrieved 17 July 2020.
  5. 1 2 "Ann M. Livermore: Executive Profile & Biography". Bloomberg.com. Retrieved 2017-09-23.
  6. ↑ "Women In Technology". informationweek.com. 2000-10-09. Retrieved 2008-01-24.
  7. ↑ "Is Ann Livermore the Hottest Property in the Valley?". forbes.com. 1999-08-30. Retrieved 2008-01-24.
  8. ↑ "Q&A: HP's Ann Livermore on life after Carly". computerworld.com. 2005-04-14. Archived from the original on July 15, 2006. Retrieved 2008-01-24.
  9. ↑ Larry Dignan (January 21, 2009). "HP's Hurd brings in $42.5 million; 4 other top execs top $20 million". ZDNet.
  10. ↑ Karl Flinders (28 July 2009). "Pay cuts barely touch HP executives". Computer Weekly . Retrieved 2011-06-15.
  11. ↑ Bandler, James; Burke, Doris (May 8, 2012). "How Hewlett-Packard lost its way" . Retrieved 2017-09-23.
  12. ↑ Benner, Katie; Levenson, Eugenia; Arora, Rupali. "50 Most Powerful Women in 2007". money.cnn.com. Archived from the original on 24 December 2007. Retrieved 2008-01-24.
  13. ↑ "The World's 100 Most Powerful Women". forbes.com. 2007-08-30. Archived from the original on 2008-02-19. Retrieved 2008-01-24.
  14. ↑ "The Top Women In Line to Lead". careerjournal.com. 2005-11-01. Archived from the original on 10 January 2008. Retrieved 2008-01-24.
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