IICJ Paper Breaking up is hard to do! Lessons Learned from Separating Contracts in the Largest Tech Split in History Lessons Learned from Separating Contracts in the Largest Tech Split in History Peggy Barber, Vice President & Associate General Counsel, Hewlett Packard Enterprise Company, USA

In recent years, a number of large companies have undertaken corporate separations as a way to unlock shareholder value, increase focus, accelerate growth, and reduce operational complexity. On October 6, 2014, Hewlett-Packard Company announced its plans to do just that - separate into two new publicly traded companies: Hewlett Packard Enterprise, which would comprise HP’s enterprise technology infrastructure, software and services businesses, and HP Inc., which would comprise HP’s personal systems and printing businesses. This transaction remains the largest technology company separation in history and was completed in 391 days, no small accomplishment for a US-based company with subsidiaries in over 110 countries!
Author
Peggy Barber
Peggy Barber
Peggy Chang Barber is Vice President and Associate General Counsel for Global and North America Commercial Sales at Hewlett Packard Enterprise (HPE). In this role, she and her team provide legal support for a wide range of sales and go-to-market clients and transactions involving the Enterprise Group, HPE’s largest business unit. Peggy joined HPE in 1999 through its predecessor, Hewlett-Packard Company, and has held leadership roles supporting all business groups and regions, including a rotation as Asia Pacific Region Counsel for the services businesses. She has also served as the lead commercial attorney in a number of corporate transactions, including the split of Hewlett-Packard Company in 2015 where she served as lead commercial attorney for HPE. Peggy is currently the lead integration attorney for HPE’s acquisition of Aruba Networks, in addition to co-leading contract separation for the spin-merger of HPE’s Enterprise Services group with CSC. Before joining HPE, Peggy was a commercial real estate attorney at Rudnick & Wolfe (now part of DLA Piper) in Washington, D.C. She holds a J.D., MBA, BBA in Finance, and BA in Mathematics from The University of Texas at Austin.
Company
Hewlett Packard Enterprise Company
Hewlett Packard Enterprise is an industry-leading technology company that enables customers to go further, faster. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.
Country
USA More
Area of Law
Contract More
Business Sector
IT More
Month Published
October 2016 More
Edition
Vol.10, No. 37, Autumn 2016 More
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