HP CFO Steve Fieler Departing After Two Years In Role

Marie Myers, HP’s chief transformation officer, has been named acting CFO, effective Oct. 1

Steve Fieler is departing as chief financial officer of HP Inc. following a tenure of just over two years in the position, the company announced Wednesday.

The Palo Alto, Calif.-based PC and printer giant disclosed that Fieler (pictured) will be succeeded on Oct. 1 by current HP executive Marie Myers, who will serve as acting CFO.

Fieler, a company veteran who assumed the CFO role in July 2018, is leaving for a “a role outside the company,” according to HP. Specifics weren’t provided.

HP will undertake a “comprehensive” search, both internally and externally, to find a permanent CFO, the company said.

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Fieler “provided tremendous leadership to our financial organization” and “built a world-class team that is delivering strong results,” HP CEO Enrique Lores said in the company’s news release about the departure.

Fieler had succeeded longtime HP CFO Cathie Lesjak in the position, and has spent 13 years in total at HP. Prior to becoming CFO, he headed HP’s treasury and corporate finance functions.

Myers has been serving as chief transformation officer, which involves running HP’s IT and Transformation organization. The unit is “focused on delivering cost savings and implementing technologies, tools and processes that support the company’s corporate strategy,” HP said in its news release.

Myers has spent a total of two decades in financial roles at HP. She had left the company in late 2018 to serve as CFO of robotic process automation firm UiPath, but returned to HP in March of this year, according to her LinkedIn profile.

Since her return to HP, Myers “has been integral to our success as she transforms the way we work to better serve customers and maximize efficiency,” Lores said. “Her experience in finance strategy, cost management and restructuring will ensure a seamless transition as we continue to position HP for the future.”

The departure comes as HP approaches the one-year mark with Lores as CEO and Christoph Schell as the company’s first-ever chief commercial officer. In other C-level moves, in January HP disclosed that Chief Technology Officer Shane Wall had retired after a career that included a total of 15 years at the company.