Hewlett-Packard announced this afternoon that Léo Apotheker, former chief executive of the software company SAP, has been elected as its CEO and president by the company’s board of directors.
Apotheker and Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, are also joining HP’s board. Lane will serve as non-executive chairman.
Apotheker spent more than 20 years at SAP and served as CEO from April 2008 to February 2010. His election follows the resignation of former HP CEO Mark Hurd, who left the company after sexual harassment allegations. Early reports indicated that HP may have been looking at insiders to helm the company, so the selection of Apotheker comes as a surprise.
Robert Ryan, lead independent director of HP’s board, describes Apotheker as “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.”
Apotheker is succeeding interim CEO Cathie Lesjak, who will remain as HP’s chief financial officer.
Photo via Michael Krigsman
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform
- networking features, and more