HP names ex-SAP chief Apotheker as CEO

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HP names ex-SAP chief Apotheker as CEO

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)



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