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HPE

Hewlett Packard Enterprise Co appoints Robert Calderoni as director

Hewlett Packard Enterprise (HPE) has announced significant board enhancements and a cooperation agreement with Elliott Investment Management, all designed to support its ongoing transformation and drive shareholder value. As part of these changes, HPE has appointed Robert Calderoni, a veteran technology executive, as a director effective July 16, 2025. Calderoni will also chair the newly formed strategy committee, which includes other notable members such as Gary Reiner, Raymond Lane, and Charles Noski.

The cooperation agreement with Elliott includes an information-sharing agreement, allowing for ongoing dialogue between the two entities, as well as the customary standstill, voting, and other provisions. Furthermore, the agreement grants Elliott the ability to appoint a representative to the HPE board up until the expiration of the standstill.

The strategic changes come at a pivotal time for HPE, following the recent acquisition of Juniper Networks, which has necessitated the formation of the integration committee. The company's efforts to drive shareholder value are underscored by the appointment of Calderoni and the formation of the strategy committee, demonstrating HPE's commitment to exploring options for value creation.

Robert Calderoni brings over 30 years of leadership experience in hardware, software, and information technology services, having previously served on the boards of Citrix Systems, Juniper Networks, and LogMeIn, among others. His appointment is seen as a positive step towards identifying meaningful operational and strategic opportunities for shareholder value creation.

The full cooperation agreement between HPE and Elliott will be filed on a Form 8-K with the Securities and Exchange Commission, providing further details about the terms and provisions of the agreement.

HPE's ongoing transformation and strategic initiatives demonstrate its commitment to driving shareholder value and leveraging its position as a leader in essential enterprise technology, combining the power of AI, cloud, and networking to help organizations achieve more. Following these announcements, the company's shares moved 0.91%, and are now trading at a price of $20.465. If you want to know more, read the company's complete 8-K report here.

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