HP Names New CEO
The Board of Directors of HP announced the election of Léo Apotheker as chief executive officer and president.
Apotheker, who previously served as CEO of SAP, also will join HP's board. The board also elected Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, as a new member of the board and designated him as non-executive chairman. Both elections are effective Nov. 1.
During Apotheker's more than 20 years at SAP, he was a driving force in making it the largest business software applications company in the world.
Apotheker helped develop and implement the most significant changes in SAP history. During his tenure, he transformed R&D and technology platforms and expanded business models and customer segments. Apotheker also helped lead SAP to 18 consecutive quarters of double-digit software revenue growth between 2004 and 2009.
"Léo is a strategic thinker with a passion for technology, wide-reaching global
experience and proven operational discipline - exactly what we were looking for in a CEO," said Robert Ryan, lead independent director of the Board.
"After more than two decades in the industry, he has a strong track record of driving technological innovation, building customer relationships and developing world-class teams."
For more information, visit www.hp.com.