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HP Inc hires former GSK boss as CEO
HP Inc has hired former GSK chief executive Emma Walmsley to lead the computer and printer maker through a difficult period for its markets. Her appointment brings leadership experience from pharmaceuticals and consumer goods, but no record of running a technology company, as HP faces pressure to find new growth.
HP’s revenue rose 10 per cent year on year to $44.5 billion in the first nine months of its 2026 financial year, driven by PCs while its printing business shrank. DRAM shortages have pushed up computer prices and contributed to a 20 per cent fall in global PC shipments in the third quarter; analysts expect further market contraction, while many customers remain unconvinced by AI products. Walmsley has said HP will focus on AI and new sources of growth.
In short
- HP names former GSK chief Emma Walmsley as CEO.
- Revenue grew 10 per cent to $44.5 billion.
- Memory shortages and weak PC demand pose challenges.
Steelman: both sides, in good faith
The strongest fair case each way — we don't pick a winner.
The case for
Walmsley’s experience leading a large, complex company through change could help HP sharpen its strategy and find growth beyond a shrinking printing business. Her background in pharmaceuticals and consumer goods may also bring useful perspectives on innovation, customer demand and managing pressure across global markets.
The case against
HP faces industry-specific challenges, including rising memory costs, falling PC shipments and uncertain demand for AI products, so a leader without a technology-company track record may need time to understand the market and execute effectively. Appointing an external chief also carries the risk that broad management experience will not translate into the technical and commercial choices HP needs to revive growth.