By Colin Kellaher


HP has hired Karen Parkhill as its next chief financial officer, plucking the executive from medical-technology company Medtronic.

HP on Wednesday said Parkhill, who has been Medtronic's finance chief since 2016, will join the Palo Alto, Calif., maker of PCs and printers on Aug. 5.

Medtronic said Parkhill, 58 years old, will remain in her post until Aug. 2, adding that Gary Corona, currently senior vice president of global financial planning and analysis, will step in as interim chief financial officer upon her departure.

The Dublin-based company said it is looking at internal and external candidates for a successor to Parkhill.

HP said Parkhill will receive an annual base salary of $950,000 and an annual cash bonus with a target of 135% of her base pay.

The company said Tim Brown, who has been serving as interim finance chief since Marie Myers left to take the same post at corporate cousin Hewlett-Packard Enterprise, will return to his role as the head of print finance.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

06-26-24 0934ET