Here’s the official statement of HP Philippines regarding the resignation of Mr. Nilo Cruz:
HP announced that Mr Nilo Cruz, Managing Director for HP Philippines and General Manager for the country’s Technology Solutions Group (TSG), has decided to step down from his position with immediate effect.
Narinder Kapoor, HPs Director and General Manager of Enterprise Storage and Servers (ESS) for Southeast Asia, has been named Managing Director and TSG Country Manager on an interim basis.
“I want to thank Nilo for his contributions in Philippines over the past seven years. We remain committed to growing our business and presence in the Philippines and will continue in our effort to accelerate the execution of the company’s strategy to compete and win in this market,” said Tan Lee Chew, Vice President and Managing Director, HP Southeast Asia.
The management team will begin a search for a new Managing Director immediately.
The company does not expect to make any additional structural changes or executive leadership changes at this time.