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Fortune
Fortune
Jim Edwards

HPE's deal with activist investor Elliott may still cost CEO Antonio Neri his job—or end with a breakup of the company

HPE Antonio Neri Elliott Ian Maule Elliott Management United States
Photo: Antonio Neri, chief executive officer of Hewlett Packard Enterprise Co. (HPE), speaks during a keynote address at the HPE Discover event at the Sphere in Las Vegas, Nevada, US, on Tuesday, June 24, 2025. HPE announced a single partner program, HPE Partner Ready Vantage, consolidating existing programs to enhance partner experiences across the entire HPE portfolio, according to the company. Photographer: Ian Maule/Bloomberg via Getty Images (Credit: Photographer: Ian Maule/Bloomberg via Getty Images)
  • HPE has signed a one-year agreement with Elliott Management in which the activist investor will receive one and maybe two seats on the company’s board. HPE’s stock has declined more than 5% this year, putting pressure on CEO Antonio Neri to turn the company around. The deal leaves open the door to further management changes at HPE or spinning off parts of the company.

Hewlett Packard Enterprise has reached a settlement with Elliott Management in which the activist investor group will receive one and possibly two seats on the board, and its appointee will also chair a new subcommittee of the board that will explore strategic options for the company.

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