2020 PROXY STATEMENT HeHewllett PaP ckkara d 20200 Proxy Statemeent Enteerprisee Hewlett Packard 2020 Proxy Statement Enterprise The year 2020 has ushered in a new decade, when every organization, everywhere, will undergo unprecedented digital transformation. In a world where billions of users and devices and trillions of things are connected, the apps and data that create and run our customers’ businesses live everywhere—in the cloud, on and off premises, and increasingly at the edge. As the edge-to-cloud platform as-a-service company, Hewlett Packard Enterprise is at the forefront of this evolution, making this an exciting chapter for our company, customers, team members, and shareholders. Our purpose is to advance the way people live and work. I am tremendously proud of this mission and of our proven ability to help customers harness the power of their data in compelling new ways. I am also excited and optimistic about what comes next, especially given our enhanced portfolio and our strategic shift to as-a-service, which we believe will drive sustainable, profitable growth. A strong finish to the decade I am enthusiastic for what lies ahead because I’ve seen us transform significantly already and I know our many stakeholders are counting on us. In 2019, customers reaffirmed their need for hybrid capabilities that will advance their transformations, and they turned to HPE because of our unique ability to offer an edge-to-cloud architecture and experience. Customers also told us they don’t want to spend their resources managing their infrastructure. They want to focus on their own innovation while lowering costs and maintaining control. To address our customers’ current needs and anticipate future trends and expectations, we have innovated to pivot our portfolio to higher value, software defined offerings. Last year we brought to market: HPE Primera, a high-end storage offering that provides unparalleled simplicity with a 100% data availability guarantee; HPE GreenLake Central, our hybrid cloud as-a-service platform that underpins our strategic pivot; and our HPE Container Platform, the first Kubernetes-based container platform that can support the deployment of any enterprise application, whether it was developed as cloud-native or as a virtualized enterprise application. Additionally, we have collaborated strategically with partners like Pensando, Google Cloud, and Nutanix. Our relationships with resellers, independent software vendors, and system integrators extend the reach of our team and provide customers with a broad array of choices. And, we continue to make targeted acquisitions that bring critical talent and complementary technologies to HPE that improve our ability to serve key segments of the global market. Our 2019 acquisition of global supercomputer leader Cray puts us in a leading position to deliver for the high-performance computing market and its fast-growing exascale segment. We also acquired the assets of MapR, providing innovative file system technology that allows us to offer a complete portfolio of products to drive artificial intelligence and analytics applications. Hewlett Packard 2020 Proxy Statement Enterprise I am proud to say that we innovate, partner, and acquire with sustainability top of mind, helping our customers to maximize the efficiency of their IT infrastructure, achieving more work for less cost and lower environmental impact. Our efficient product portfolio allows us to win more frequently in the marketplace. In 2019, sustainability contributed to approximately $585 million in wins, up 88% from $312 million in 2018. We take our responsibility for attracting and retaining HPE team members seriously and our investments in a bold, collaborative culture have revitalized “Life Inside the Element.” We are committed to being unconditionally inclusive to capture the ideas and perspectives that fuel innovation, and we’ve set aggressive diversity targets to hold ourselves accountable. We have also designed state-of-the-art sites, including our new headquarters in San Jose, and we have enhanced our benefits to help team members achieve greater wellness and balance. We are particularly proud to be among an elite few to offer six months’ paid leave to any new parent. Our re-energized, high-performing team is more engaged than ever and will enable our ability to pivot and grow. Having a clear and compelling strategy, a world-class team, and a differentiated portfolio led to strong and consistent performance in 2019. We increased profitability across our businesses, grew double-digits in areas of strategic investment, and exceeded our non-GAAP earnings per share and free cash flow guidance for the year. And, as I committed to early in 2018, we completed our plan to return $7 billion to shareholders in the form of stock repurchases and dividends. Our commitment to you While we have made great progress, we also know there is work to be done. We do not take for granted the trust our customers, partners, team members, and you, our shareholders, place in us. In fact, this trust and your high expectations of us drive our commitment to innovations, people, and partnerships that will accelerate our ability to solve some of society’s most pressing challenges, grow the business, and deliver strong returns on investment. Thank you for investing in our journey and in the promise of what HPE will do in this new decade and new era. Best, Antonio F. Neri President and CEO, HPE Hewlett Packard 2020 Proxy Statement Enterprise Board of Directors* Daniel Ammann Antonio F. Neri Michael J. Angelakis Raymond E. Ozzie Pamela L. Carter Gary M. Reiner Jean M. Hobby Patricia F. Russo George R. Kurtz Lip-Bu Tan Raymond J. Lane Mary Agnes Wilderotter Ann M. Livermore Executive Team* Antonio F. Neri Tarek Robbiati President and Executive Vice President, Chief Executive Officer Chief Financial Officer Philip Davis Irv Rothman President, Hybrid IT President, HPE Financial Services Alan R. May Executive Vice President, John F. Schultz Chief People Officer Executive Vice President, Chief Legal and Administrative Keerti Melkote Officer and Corporate Secretary President, Intelligent Edge *Members of the Board and Executive Team as of February 1, 2020. Hewlett Packard 2020 Proxy Statement Enterprise With a new decade comes new opportunity for Hewlett Packard Enterprise and our customers, team members, and shareholders. As we enter our fifth year as a standalone company, and under Antonio Neri’s leadership with the support of our Board of Directors, HPE is distinctly positioned for its next chapter as the edge-to-cloud platform-as- a-service company. With the right vision, strategy, and team, we are focused on delivering compelling new customer experiences in order to drive market leadership and growth while continuing to deliver strong margins and cash flow. Our company evolved considerably in 2019, innovating and bringing to market new hybrid IT and edge solutions that help our customers advance their digital transformations. We further enhanced our offerings through a series of strategic investments, partnerships, and acquisitions. As Antonio noted, all of these intentional moves helped us deliver strong results in some of our newer businesses and segments. We feel good about the deliberate steps we’ve taken and the progress we’ve made, and we are excited about our as-a-service pivot that will offer customers more choice in the way they consume their IT. Our Board is committed to enabling the HPE strategy in ways that assure the Company’s ongoing relevance while growing revenue, expanding margins, and delivering value for our stakeholders. As we advance our business objectives to meet evolving technology demands, we are guided by a strong purpose. I remain very proud of our record in delivering on ambitious sustainability goals, investing in our people and culture, and making an impact on the communities we serve. A key focus of HPE’s Living Progress—the centerpiece of our environmental, social, and governance initiatives—is meeting the growing demand for computing power in a resource-constrained world. To that end, we are fostering positive change by driving toward a 30-fold increase in energy performance from 2015 levels across our portfolio by 2025. And, our science-based supply chain management program is the first of its kind and is already reducing the climate impact of our suppliers. We recognize that HPE’s team members are vital to the Company’s success and creating a dynamic, transparent, and engaging culture has been one of Antonio’s top priorities and it’s paying off. The Board has been particularly pleased with the Company’s diversity commitments that are resulting in real change and its progressive industry-leading benefits. These and other investments ensure we’ll continue to retain and attract the very best talent needed to execute on our vision. And, finally, we continue to live up to our legacy by making meaningful societal impact. Since launching “HPE Gives” in 2016,6 we’ve given more than $25 million to nonprofits around the world, and we are approaching nearly one million hours volunteered by HPE team members. Meanwhile, our technologies are improving lives, from servicing our one millionth patient at our Indian eHealth Centers this year to accelerating breakthroughs in disease cures. Hewlett Packard 2020 Proxy Statement Enterprise To gain further insights into the Company and its promising future, we encourage you to attend the fifth annual meeting of stockholders of HPE on Wednesday, April 1, 2020, at 11:00 a.m., Pacific Time. As has been our practice, the meeting will be virtual and conducted via live webcast available to any stockholder of record no matter their location. It has been a privilege for HPE’s Board of Directors to be a part of the Company’s transformation thus far. We know we must execute with discipline to ensure we’re capitalizing on the benefits of being a more focused and agile company that will deliver strong returns to you, our shareholders.