Mr. Nesper’s total trust in Andrea Noseda’s abilities provided the confidence to leave a job and company he loved.
After years of thinking about leaving a company and a job he loved to spend more time with his family, former HP Inc. treasurer Zac Nesper found the right internal person to succeed him: Andrea Noseda, a treasury novice back when he hired her for a capital markets role four years earlier (today she’s an expert).
- In a new NeuGroup video you can watch by hitting the play button below, Mr. Nesper shares how Ms. Noseda progressed to the point where, after she interviewed for the position, HP named her treasurer in June 2023. It was an outcome he called one of the greatest joys of his career.
- Mr. Nesper provided support during a transition period, while also serving as CFO of the company’s Strategy and Incubation business unit. He left HP at the end of 2023 to begin what his LinkedIn page describes as a career break and personal goal pursuit.
- “I hit a point where I just was like, my kids are only going to be in the house for three more years, and I have this crazy hunger to just spend time with them,” he says in the video. “I’ve got this personal desire to step out, but beyond that, I don’t want to stand in somebody else’s way.”
A treasurer’s journey. Mr. Nesper’s decision to step down came after 20 years of experience in corporate finance at HP, with stints in FP&A and multiple treasury roles before he became treasurer in 2018. His time as treasurer was an eventful one, facing the emergence of the Covid-19 pandemic and its fallout, as well as a hostile takeover attempt by Carl Icahn.
- He now takes great comfort knowing that treasury is in good hands—and that there are other employees from his team that could also be corporate treasurers. “So that’s fun to have, that legacy,” he says in the video.
Stay tuned to NeuGroup Insights to hear the full conversation between Mr. Nesper and NeuGroup founder and CEO Joseph Neu in an upcoming episode of the Strategic Finance Lab podcast. In addition to a deeper dive into the former treasurer’s decision to step down, the pair discuss the evolving role of AI, the benefits of embracing a personal brand and the lessons he learned from his path through finance.
