Hewlett Packard Names New Senior VP

March 24, 2012

Hewlett Packard (NYSE:HPQ) continues to restructure today as they appoint a new senior vice president.The computer company has named Marc Levine as senior vice president and controller. Levine has been with H-P since 1988 and was most recently senior vice president of Finance for HP Enterprise Services.The appointment is most likely part of the new restructuring of the company. Eariler this week, Hewlett Packard's announced a plan to combine its printer and PC divisions, with the head of the printer group V.J Joshi retiring and leaving the company. HP CEO Meg Whitman says the plan is meant to promote growth within the company.Hewlett-Packard (NYSE:HPQ) has potential upside of 33.4% based on a current price of $23.03 and an average consensus analyst price target of $30.72.