HP's head of enterprise Bill Veghte leaving the company

Veghte is the second HP executive to exit the company in advance of its break-up, following the departure of Dave Donatelli.

It looks like HP is starting to bleed executives as the company ramps up its effort to split into two independent businesses by November.

The computing giant announced Tuesday that Bill Veghte, the current VP of HP's Enterprise Group, would "depart the company later this summer to pursue a new opportunity".

Veghte is the second HP executive to exit the company in advance of its break-up, following the departure of Dave Donatelli in 2014.

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Bill Veghte

Veghte has held several roles within HP since he joined the the company in 2010 following a long run at Microsoft.

Working side by side with HP CEO Meg Whitman, Veghte had a brief stint as chief strategy officer, then he was COO until he was tapped to run the enterprise group, replacing Donatelli (who moved on to HP rival Oracle).

Since October, when HP announced plans to separate its PC and printing business from its enterprise business of systems, software and services, Veghte has been leading the separation efforts for the enterprise side. By all accounts, Veghte's role was quite significant, which makes his departure all the more interesting.

It's unclear whether the turmoil of the split or the prospects of continuing on with HP Enterprise under Whitman's leadership led to Veghte's decision to leave. Chris Hsu is now slated to take over the role of COO for Hewlett Packard Enterprise, and will assume leadership of the separation efforts.

Later this week, HP will disclose for the first time the financial roadmaps of HP Inc. and Hewlett-Packard Enterprise. HP originally estimated Hewlett-Packard Enterprise to be a $58.4 billion revenue company, with $6 billion of profit. HP Inc was expected to become a $57.2 billion company with a $5.4 billion profit.

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