HP announced this afternoon that Dion Weisler is stepping down as President and CEO. The executive cited a “family health matter” in his decision, noting that he will be returning home to Australia.

The company already has a successor lined up, as its President of Imaging, Printing and Solutions, Enrique Lores, got unanimous approval from its board of directors. Lores will be assuming the top spot on November 1.

Meantime, Weisler is set to stay on the company’s board of directors through HP’s  next shareholder meeting in order to “ensure a seamless transition.” That will keep him around through January of 2020. Weisler joined the company in 2012, becoming CEO in 2015 when HP split from HP Enterprise.

Developing….