EXECUTIVE PROFILES

Michael Capellas

CEO Compaq/HP

Capellas is a seasoned general manager with particular expertise in information technology, e-commerce and supply-chain management. He has significant product development experience, including software and solutions; has run large global sales/marketing organizations; has managed quality assurance programs; has been involved in starting up a new company; and has held a broad range of line management positions. As such, he has extensive, successful, hands-on experience in every key area involved in successfully running a global technology enterprise. Over the past 23 years, he has gained a solid reputation among colleagues and customers alike as an information technology executive with a rare balance of strategic insight, operational expertise, technological and financial skills, and sales/marketing savvy.

"We are at the dawn of a new era in information technology," he said. "I've spent my entire career in IT, and I have never seen such dramatic changes. The Internet is transforming the way companies do business and the way they interact with their customers, partners and suppliers. And it is clear to me that business needs are moving toward Compaq's strengths."

Capellas stressed that the Internet is having an increasing effect on organizations around the world. "To realize the promise of eBusiness, companies need the products, services and solutions that we deliver better than anyone else in the industry," he said. "This includes next-generation networks, high-performance servers, networked storage, Internet PCs, and appliances and devices that enable companies and individuals to connect to the Internet in new and more productive ways."

Capellas joined Compaq in August 1998 as chief information officer and, in a relatively short time, has played key roles in the:

• Development of the company's overall e-commerce strategy
   
• Integration of that strategy into Compaq's NonStop™ eBusiness go-to-market strategy
   
• Major consolidation of the company's information technology organization, including a dramatic cost reduction
   
• Defining and implementation of the company's supply-chain strategy, including the consolidation of manufacturing activities
   
• Development and implementation of a go-to-market strategy for the integration of Digital Equipment Corporation
   
• Rapid development and successful execution of Compaq's Y2K compliance program
   
• Recruiting of several new key managers
   
• Formulation of the company's global account strategies
   
• Participation in hundreds of sales calls
   
• Executive oversight of several global accounts
   
• Ongoing counsel to the Board and senior management on various operational as well as technological issues

Immediately before joining Compaq, Capellas held senior positions at Oracle Corporation and at SAP America, both growing out of his information technology and supply-chain management consulting work at Benchmarking Partners of Cambridge, Massachusetts, a leading information management consulting firm, where he was a founder and managing partner (1996). At Oracle (1997-98), he served as senior vice president and general manager for the company's global energy business, where his oversight responsibilities included product development, marketing, sales, consulting and client support. His accomplishments there included reorganizing and refocusing the unit's global sales force, resulting in a 100 percent increase in business unit revenue. At SAP America (1996-97), he was director of supply-chain management; his accomplishments included spearheading a business-development effort that led to approval by General Motors' Delphi unit of a $1 billion SAP implementation project.

From 1981 to 1996, Capellas held several senior positions at Schlumberger, Ltd., including serving as the company's first corporate director for information systems; controller and treasurer of Schlumberger's operations in Asia Pacific; CFO of Dowell Schlumberger, Inc., a joint venture between Schlumberger and Dow Chemical; and in operations management at Schlumberger's Fairchild Semiconductor unit.

Capellas began his career at Republic Steel Corporation (1976-81), where he held various systems analyst and manufacturing positions. He and his wife, Marie, have been married for 20 years and have two children. He has been involved in a wide variety of community leadership and charitable work and is an avid golfer.

SOURCE: This information from the Compaq website here

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