Meg Whitman’s pay package dropped 13 percent last year as she oversaw the split of Hewlett-Packard Co. and changed her leadership roles.
Whitman received total compensation of $17.1 million in the 2015 fiscal year compared with $19.6 million in the previous year, according to a regulatory filing on Monday. Whitman became chief executive officer last year of Hewlett Packard Enterprise Co., which targets businesses with products such as servers and services, and is the chair of HP Inc., which sells computers and printers. HP Inc. is now run by Dion Weisler, whose pay jumped 39 percent to $18.7 million while he was executive vice president for the combined company’s printing and personal systems group.
Whitman, who joined HP as CEO in 2011, engineered a split of the company, saying the two businesses could find greater success as independent entities. The separation, which took place Nov. 1, is aimed at giving the two companies more flexibility to respond to changing markets and compete with the likes of Dell Inc. and Lenovo Group Ltd.
Weisler, who had previously been living in Singapore, received relocation benefits as part of a move to Palo Alto, California, where the company is based, the filing said. The benefits included $2.4 million for the move and $9.1 million for “tax equalization.”
While Whitman’s compensation package declined, it was close to her 2013 total pay of $17.6 million.