TechTaffy

tech:

taffy

HP Names John Schultz EVP, General Counsel

By TechTaffy Desk

[Techtaffy Newsdesk]

HP has promoted John Schultz to the position of executive vice president and general counsel, effective immediately. Mr. Schultz, who joined HP in 2008, will be a member of HP’s executive council and report to Meg Whitman, president and chief executive officer, HP.

As general counsel, Mr. Schultz is responsible globally for all legal and compliance functions. His previous role was vice president and deputy general counsel in charge of litigation.

Mr. Schultz will succeed David Healy, who has served as interim general counsel since December 2011. Mr. Healey is partner and co-chair of the Mergers and Acquisition Group at Fenwick & West, a law firm that advises HP. He played an integral role in advising HP on a number of critical business issues.

Prior to joining HP, Mr. Schultz was a partner at Morgan Lewis & Bockius, a Philadelphia-based law firm. He was also previously employed at the law firms of Drinker Biddle & Reath and Latham & Watkins. He received his law degree from the University of Pennsylvania Law School and his Bachelor of Science from Albright College.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.