Autonomy bosses jump HP ship

Autonomy bosses jump HP ship

Summary: Many of Autonomy's executives have left or are the process of resigning since HP took over the company half a year ago, according to Autonomy. Six executives have handed in their resignation since the HP acquisition in addition to Autonomy founder and chief executive Mike Lynch leaving, Autonomy said on Thursday.

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TOPICS: Security
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Many of Autonomy's executives have left or are the process of resigning since HP took over the company half a year ago, according to Autonomy.

Six executives have handed in their resignation since the HP acquisition in addition to Autonomy founder and chief executive Mike Lynch leaving, Autonomy said on Thursday.

Autonomy president and sales head Sushovan Hussain, chief research officer Peter Menell, chief operating officer Andrew Kanter, chief marketing officer Nicole Eagan, Aurasma augmented reality platform managing director Martina King, and VP finance Steve Chamberlain have all left or handed in their resignations since HP acquired the company in October 2011. Since March Chamberlain has been chief financial officer of Sepura, which supplies Tetra radios to the emergency services.

Many of the executives had been with the company for over a decade, and were still listed as being part of the management team at the time of writing.

Lynch will leave the company after handing over the reins to HP software head Bill Veghte. HP announced that Lynch was to be replaced in an earnings call on Wednesday.

"Autonomy had a very disappointing licence revenue quarter, with a significant decline year-over-year resulting in a shortfall to our expectations," HP said on the call. "To help improve Autonomy's performance, Bill Veghte, HP's chief strategy officer and executive vice president of HP software, will step in to lead Autonomy. Mike Lynch, Autonomy's founder and executive vice president for information management, will leave HP after a transition period."

Autonomy declined to give any reasons for the executive exodus.

HP announced 27,000 job cuts on Wednesday. HP had not said how many Autonomy staff posts would be included in the cull at the time of writing.

Update 24-5-12: HP said of Lynch and the executives:

"It's very common and very natural for entrepreneurs to move on following an acquisition, particularly when the day to day operations of the business become a bigger factor. Autonomy is a great business with tremendous potential, but at this stage in its growth cycle requires different leadership to allow it to fulfill its full promise. Bill Veghte is a skilled and experienced software leader who will install the right processes and discipline to scale Autonomy and allow it to capitalize on the strong and growing demand for big data solutions."

HP declined to say how many Autonomy staff, and how many UK HP staff, would be affected by the 27,000 worldwide job losses. The company said that Unite the union figures of up to 1,600 UK HP staff to be affected were 'speculation'.

Topic: Security

Tom Espiner

About Tom Espiner

Tom is a technology reporter for ZDNet.com. He covers the security beat, writing about everything from hacking and cybercrime to threats and mitigation. He also focuses on open source and emerging technologies, all the while trying to cut through greenwash.

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