H-P Unites Units

Updated from 1:33 p.m. EST Hewlett-Packard(HPQ) shook up its internal structure Friday by placing its personal computer systems group under the management and oversight of its dominant imaging and printing unit.

Duane Zitzner, 57, head of the personal systems group, announced his retirment, and Vyomesh Joshi, 50, executive vice president of the imaging and printing unit, will lead the combined division.

H-P said the combination of its two consumer units will help it "accelerate profitable growth, leverage the power of its portfolio and strengthen its market position."

H-P shares were essentially unchanged on the announcement, down 6 cents to $19.89. ...