Tarek Robbiati succeeds Tim Stonesifer who played a significant role in the breakup of HPE from Hewlett-Packard Co, in 2015.
Hewlett Packard Enterprise has appointed Tarek Robbiati, the former Chief Financial Officer at Sprint Corp as its new CFO.
With the news reaching the market, Hewlett Packard’s shares rose by 1.9% to $17.05 in aftermarket trading; another factor that contributed to this rise was HPE’s higher-than-expected quarterly revenue and profit.
Robbiati is set to succeed incumbent Tim Stonesifer, on September 17.
According to a statement by the company, Stonesifer will remain through the end of October. In 2015, he had played a significant role in the breakup of HPE from Hewlett-Packard Co.
Prior to Sprint, Robbiati served as the chief executive officer at Flexigroup, a financial services provider for consumers and small businesses with operations in Australia, New Zealand, Ireland and the Philippines.
According to market observers, “Strong performance in its hybrid IT division, largely made up of the company’s storage and data center networking products, helped HPE top third-quarter revenue and profit estimates”.