Computer and printer maker Hewlett-Packard says that its Chief Financial Officer, Bob Wayman, plans to retire at the end of the year.
Wayman, 61, will be succeeded by Cathie Lesjak, the company's treasurer and senior vice president. Lesjak, 47, joined the company 20 years ago and has held her current position since 2003.
Wayman, who is also a director and served as interim chief executive in 2005, will retain his seat on the board until the company's annual meeting in March 2007. Wayman started working for HP in 1969 as a cost accountant.