HP 2006 Annual Report Download - page 17

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contaminated sites. Many of our products are subject to various federal, state, local and international
laws governing chemical substances in products, including laws regulating the manufacture and
distribution of chemical substances and laws restricting the presence of certain substances in electronics
products. We could incur substantial costs, including cleanup costs, fines and civil or criminal sanctions,
third-party damage or personal injury claims, if we were to violate or become liable under
environmental laws or if our products become non-compliant with environmental laws. We also face
increasing complexity in our product design and procurement operations as we adjust to new and
future requirements relating to the materials composition of our products, including the restrictions on
lead, cadmium and certain other substances that apply to specified electronics products put on the
market in the European Union (the ‘‘EU’’) as of July 1, 2006 (Restriction of Hazardous Substances
Directive) and similar legislation in China, the labeling provisions of which go into effect March 1,
2007. We also could face significant costs and liabilities in connection with product take-back
legislation. The EU has enacted the Waste Electrical and Electronic Equipment Directive, which makes
producers of electrical goods, including computers and printers, financially responsible for specified
collection, recycling, treatment and disposal of past and future covered products. The deadline for the
individual member states of the EU to enact the directive in their respective countries was August 13,
2004 (such legislation, together with the directive, the ‘‘WEEE Legislation’’). Producers participating in
the market became financially responsible for implementing their responsibilities under the WEEE
Legislation beginning in August 2005. Implementation in certain EU member states has been delayed
into 2006 and 2007. Similar legislation has been or may be enacted in other jurisdictions, including in
the United States, Canada, Mexico, China and Japan. It is our policy to apply strict standards for
environmental protection to sites inside and outside the United States, even if we are not subject to
regulations imposed by local governments. The liability for environmental remediation and other
environmental costs is accrued when HP considers it probable and can reasonably estimate the costs.
Environmental costs and accruals are presently not material to our operations or financial position, and
we do not currently anticipate material capital expenditures for environmental control facilities.
Executive Officers:
Mark V. Hurd; age 49; Chairman, Chief Executive Officer and President
Mr. Hurd has served as Chief Executive Officer, President and a member of the Board of
Directors since April 1, 2005 and as Chairman since September 22, 2006. Prior to that, he served as
Chief Executive Officer of NCR Corporation, a technology company, from March 2003 to March 2005
and as President of NCR from July 2001 to March 2005. From September 2002 to March 2003,
Mr. Hurd was the Chief Operating Officer of NCR, and from July 2000 until March 2003 he was Chief
Operating Officer of NCR’s Teradata data-warehousing division.
R. Todd Bradley; age 48; Executive Vice President, Personal Systems Group
Mr. Bradley was elected Executive Vice President in June 2005. From October 2003 to June 2005,
he served as the Chief Executive Officer of palmOne Inc., a mobile computing company. Mr. Bradley
also served as President and Chief Operating Officer of palmOne from May 2002 until October 2003,
and from June 2001 to May 2002 he served as Executive Vice President and Chief Operating Officer of
palmOne.
Charles N. Charnas; age 48; Acting General Counsel, Vice President and Assistant Secretary
Mr. Charnas was elected Assistant Secretary in 1999 and has served as Acting General Counsel
since September 2006. He was appointed Vice President and Deputy General Counsel in 2002. Since
1999, he has headed the Corporate, Securities and Mergers and Acquisitions Section of HP’s worldwide
Legal Department. Mr. Charnas is not an executive officer for purposes of Section 16 of the Securities
Exchange Act of 1934.
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