HP Inc hires former GSK boss as CEO

HP Inc has hired former GSK boss Emma Walmsley to plot its course through choppy PC and print waters.

Walmsley spent eight years as the boss at pharma biz GSK and further back in time held various marketing and general management positions at L'Oreal. She has no track record running a tech company, though she was on Microsoft’s board.

“Throughout the process, Emma stood out for the strength of her leadership experience across multiple industries, the clarity of her strategic thinking and her ability to translate customer insights into new growth,” said Chip Bergh, chair of HP's board.

In the first nine months of HP's fiscal 2026, revenue had jumped 10 percent year-on-year to $44.5 billion. The print business shrank in that time and PCs generated the growth. However, amid a memory crunch with supplies dwindling, analysts are forecasting PC market contraction in terms of unit sales.

Global PC shipments slumped 20 percent in Q3 as DRAM shortages forced up …