HP Appoints Former Home Depot CIO to Senior IT Executive Team

PALO ALTO, Calif., Feb. 9, 2006, HP has named Ron Griffin to lead global application development and support for the company’s Technology Solutions Group (TSG), rounding out the company’s IT leadership team.

A 25-year veteran of the IT industry, Griffin joins recently named HP IT Senior Vice Presidents John Craparo, Craig Flower and Charlie McMurtry in reporting to Randy Mott, HP executive vice president and chief information officer.

Griffin, 52, joins HP after co-founding Griffin, Anderson & Co., an IT consulting firm. Prior to that, he served as executive vice president and CIO at Fleming Companies.

Previously, Griffin spent 11 years with The Home Depot, the last eight of which as senior vice president and CIO. During his tenure there, he led the IT strategy and business organization that facilitated the company’s growth from less than $3 billion to $54 billion in sales. While he was CIO, Home Depot also ranked No. 1 on Computerworld’s U.S. “Best Places to Work in IT” three times and remained in the top 20 every year.

“Ron is a seasoned CIO with a strong track record of delivering world-class IT solutions for a rapidly growing business,” said Mott. “His broad industry experience, passion for delivering IT value, and commitment to people make him an ideal leader for our TSG business.”

HP’s global IT leadership team serving under Mott now includes:

* John Craparo, global telecom, network transformation and HP Labs IT


* Craig Flower, global eBusiness, marketing, and customer and sales operations IT


* Charlie McMurtry, supply chain, databases, data warehouse, pan-HP for product engineering


* Sue Brann, IT planning, administration and governance


* Michele Goins, Imaging and Printing Group/consumer/factory systems


* Ron Griffin, Technology Solutions Group IT


* Pete Karolczak, operations/infrastructure/architecture/security


* Matt Minetola, HP Financial Services


* Ed Pennington, corporate functions IT


“With the depth of talent and experience from both our HP veterans and an array of Fortune 50 companies, including General Electric, Wal-Mart, and The Home Depot, we’ve assembled one of the premier IT leadership teams in the industry and are extremely well-positioned to provide the innovation and world-class solutions required by our business and customers,” said Mott.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2005, HP revenue totaled $86.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005 and other reports filed after such report. HP assumes no obligation and does not intend to update these forward-looking statements.

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