Longtime HP veteran Enrique Lores, who runs the $20 billion printer business, is succeeding Dion Weisler effective November 1. Weisler, who was named CEO in late 2014 after the computing behemoth was split into two companies, is returning to Australia for a “family health matter.” He will remain on the company’s board. MarketWatch reports: Lores, a native of Spain who started his 30-year career as an intern, vowed to “simplify” and “evolve” the company’s business model during a conference call with analysts following the earnings release. The executive change comes amid wrenching changes — and turmoil — in the PC market, raising the question of where the market is headed for the rest of the year.

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Source: Slashdot – HP Names Head of Printer Division As New CEO