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Slow Pace within HP Corporate Structure Leads Indigo Exec to Resign

Wednesday, February 04, 2004

Press release from the issuing company

February 4, 2004 -- Hewlett Packard’s vice president and general manager of the Indigo division, Rafi Maor is resigning his position according to press accounts including Globes. Rafi Maor began working for Indigo nine years ago and was president of Indigo Israel. In a statement Maor said that Indigo would continue growing at more or less the same pace in 2004. He said that HP was “very satisfied with Indigo’s results.” According to Globes, Maor said one reason for his resignation involved HP’s organizational structure. “I’m used to managing a company in which things move quickly. It’s different in a centralized enterprises like HP. It sometimes slows down the decision-making process, and that doesn’t suit my character. I prefer to manage a large company, but I want to do it dynamically, and carry out decisions quickly.”




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