PROMOTION: Bill Veghte is the new chief operating officer at Hewlett-Packard Co. He had been running HP's software division.
THE SIGNIFICANCE: The appointment shows that new CEO Meg Whitman intends to lean heavily on Veghte as she tries to boost HP's earnings and sagging stock price.
DUTIES: Veghte will continue to shape HP's strategy as it focuses on delivering software services over the Internet, data analysis and computer security.
- Meg Whitman