HP Inc.’s incoming chief accounting officer, Manpreet Grewal, spent five years in the C-suite at U.S. Steel, ushering the company through a recent $14.9 billion acquisition by Japan’s Nippon Steel.
HP Inc.’s chief accounting officer is resigning to pursue an “outside opportunity,” according to a U.S. Securities and Exchange Commission filing Wednesday.
Stephanie Liebman announced her departure internally on June 18. Her last day is expected to be Sept. 12. In the same filing, HP said it appointed Manpreet Grewal as HP’s new chief accounting officer. His first day will be July 14.
Grewal, 46, has worked as vice president, controller and chief accounting officer at United States Steel Corp., a provider of steel products and solutions to various industries, since March 2020, HP said in the filing.
An HP spokesperson told CRN that the company has no comment beyond what was stated in the filing.
After months of negotiations between union officials and regulators in Washington, Nippon Steel earlier this month closed on its $14.9 billion acquisition of U.S. Steel, paying $55 per share in an all-cash transaction that was first announced in December 2023.
Liebman had spent more than 22 years at HP during two stints beginning in 1998, broken up by a three-year hiatus when she worked at worked at NTT Data Services as SVP, risk management, real estate.
She returned to HP in February 2023 and was named chief accounting officer in December of that year where her role was focused on the accuracy and integrity of the company’s financial data and governance processes.
On LinkedIn, Grewal (pictured above) states that he has a proven track record of creating shareholder value. Grewal has worked at U.S. Steel for five years starting in March 2020. Prior to that he was the chief accounting officer and vice president at Covanta; a senior director of internal audit at Johnson Controls; and spent 10 years at Tyco, a maker of security products.
HP is in the midst of dramatically altering its supply chain as it moves “nearly all” of its production of north American products out of China, pivoting to Vietnam, Thailand, Mexico, India and a small toehold in the U.S. as it works to stave off the impact of unpredictable tariffs, CEO Enrique Lores said during the company’s most recent earnings call on May 28.
“We saw the new tariffs being put into place. We accelerated the plans that we had. I have to say I’m very proud with the progress the team was able to make,” he said responding to a question from CRN during a media pre-briefing before the company’s Q2 2025 earnings call Wednesday. “It’s a very significant improvement. We basically pulled all of our plans ahead by six months. And when we were saying by the end of the year, we are saying now by June. Not only 90 percent, but almost all products sold in North America. So it’s a very significant improvement.”
Lores said while earnings last quarter were hit by tariffs, sales of the company’s personal systems, which includes its lineup of PCs and AI PCs, improved 7.1 percent on sales of $9.02 billion. The company saw increased commercial volume and momentum in key growth areas with commercial sales, which represent 75 percent of its PC sales, up 9 percent. The firm saw wins with PCs in health care, financial services and retail. Meanwhile, the Windows 10 end of life is driving an expected refresh.
