HP Enterprise's CTO, other executives to depart

Dive Brief:

HP Enterprise’s CEO Meg Whitman has announced that HPE’s CTO and head of Hewlett Packard Labs is stepping down.
HPE CTO Martin Fink will retire after more than 30 years with HP, Whitman said.
Whitman also announced that HPE's chief customer officer John Hinshaw will leave the company at the end of 2016.

Dive Insight:

Last month, HPE announced plans to spin off and merge its IT services division with Computer Sciences Corp., a deal that could save the company $1 billion in its first year.

Whitman says the spin off also provided the company “a unique opportunity for us to reimagine our internal organization," Whitman wrote Monday.

With Fink’s departure, Whitman said HPE will move Hewlett Packard Labs into the Enterprise Group. HPE is also c”onsolidating sales teams into a single global sales organization, and merging its product marketing, e-commerce and customer advocacy groups into a single marketing organization,” according to ZDNet.

HPE’s profits were up slightly last quarter, which Whitman attributed to her five-year plan to reinvent the company strategy.