HP brain drain continues with McKinney departure

The brain drain at Hewlett Packard continues, as Vice President and Chief Technology Officer Phil McKinney announces his retirement at the end of the year.

McKinney, a nine-year veteran of the company, announced his retirement via his personal website just days after Meg Whitman confirmed that the Personal Systems Group would be kept within the company and not spun off or sold, and Todd Bradley called reports that the webOS software division was for the chop an "unfounded rumour".

McKinney's retirement also comes hot on the heels of strategy boss Shane Robison's exit, with Whitman confirming that no successor will be appointed to the role.

"This is not the traditional retirement. I’m not planning on spending my days playing golf or sitting around the house driving my wife crazy. I have far too much passion, energy and ideas to sit on the sidelines," McKinney writes. "My definition of retirement is the freedom to write, speak, mentor, advise and teach without the restrictions of the traditional employee/corporate structure.

"My passion is to help innovators get better at innovating and I’ve spent the better part of the last dozen years fulfilling that mission. My time at HP started out as an advisor on innovation that turned into a request to join for a year or so to 'help grow the innovation culture at HP'. That was 9 years ago. I can honestly say that I've done everything that is within my power to fulfil that objective.

"So what am I going to do after HP? Repeat what I did at HP by helping others get better at innovation. I will be expanding my efforts on the blog, podcast, speaking and teaching Killer Innovation Workshops.

"I'm also excited that once again, I will be able to take on board seats, advisory roles and mentoring opportunities since I will no longer have to worry about conflict of interest and other corporate restrictions," McKinney added.

The news of McKinney's departure, scheduled for the 31st December, will come as a blow to investors who saw Meg Whitman's appointment as chief executive of the firm a sign that things were about the change for the better.

HP has yet to announce a successor.