CEO of HP Inc. Dion Weisler is stepping down as chief executive of the world’s largest PC maker for family health reasons, according to The Wall Street Journal.
Weisler has been CEO of HP since 2015 and will be succeeded by Enrique Lores. Lores is the hed of imaging, printing, and solutions department at HP.
Lores is a Spaniard who joined the company 30 years ago as an intern. Lores will assume the job on November 1 and work with Weisler until January 2020 to aid in the transition of turning over the company’s top spot.
“We need to continue to expand into some of our growth opportunities,” Mr. Lores told analysts on an earnings conference call.
Share of HP fell 6% after hours. Revenue from computer sales has been flat this last quarter, but low expenses helped to increase profits.