HP names ex-SAP chief Apotheker as CEO

Oct 1, 2010 10:08 AM
Filed under Training & Development
 

New CEO and President.

Hewlett-Packard has named former SAP chief executive Leo Apotheker as its new CEO and president.

Apotheker succeeds Mark Hurd, who was ousted from HP on August 6 for filing inaccurate expense reports related to a female marketing contractor. Hurd has since joined SAP rival Oracle as co-President.

HP's board also named Ray Lane as non-executive chairman. Lane is managing partner at venture capital firm Kleiner Perkins Caufield & Byers.

Both appointments are effective November 1, HP said.

(Reporting by Gabriel Madway and Brett Winterford. Editing by Robert MacMillan)

 

Copyright Reuters Copyright Reuters. Click for restrictions.



HP names ex-SAP chief Apotheker as CEO
2 comments in this discussion
"Excellent. Now if he can just repeat his success from SAP, HP could once again return to being a little printer company with pretty good printers."
By Ace
 
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hp, hurd, apotheker, sap, ceo
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Comments: 2
johnpro2
Oct 2, 2010 10:57 AM
 Stuff up on the higher level food chain and some other company is sure to pick you up.
Two good local examples would be the ex Victorian police chief M/s Nixon and ex Telstra boss Sol Trujillo.
Ace
Oct 7, 2010 2:30 AM
 Excellent. Now if he can just repeat his success from SAP, HP could once again return to being a little printer company with pretty good printers.
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