$HPQ · HP INC
HP Inc. filed an 8-K announcing the Board unanimously appointed Emma Walmsley as CEO effective January 4, 2027. Interim CEO Bruce Broussard steps down January 3, 2027 and becomes Board Chair, succeeding Chip Bergh. Walmsley, 57, was GSK CEO from April 2017 to December 2025 and sits on Microsoft's board. Her compensation includes a $1,450,000 base salary, 200% target bonus, and fiscal 2027 RSUs/PARSUs valued at $6,450,000 and $15,050,000 respectively.
- Emma Walmsley appointed CEO effective January 4, 2027, succeeding Interim CEO Bruce Broussard.
- Broussard becomes Board Chair on the same date, succeeding Chip Bergh who has chaired since 2017.
- Walmsley led GSK as CEO from April 2017 through December 2025 and serves on Microsoft's board.
- Base salary $1,450,000 with 200% target bonus; fiscal 2027 RSUs $6,450,000 and PARSUs $15,050,000.
- Broussard has served as Interim CEO since February 2026.
Extended-hours last trade $30.02, +0.30% vs regular close; regular session closed +5.87% at $29.93. Reaction to the CEO appointment is muted.
HP ends a months-long CEO search with a high-profile outside hire, signaling a strategic reset around AI-era growth.
HP's choice of a non-tech, biopharma CEO mirrors a broader trend of boards hiring outside the industry to lead AI-era transformation.
Transition risk: a new CEO from outside the technology sector must execute HP's AI-era strategy while the company navigates an inflection point.