HP has announced today that the company's new CEO and President will be Léo Apotheker, who is the former CEO of SAP. Apotheker will officially take his spot at Hewlett-Packard on November 1st.
The Board of Directors of HP today announced the election of Léo Apotheker as Chief Executive Officer and President. Apotheker, who previously served as CEO of SAP, will also join HP’s Board of Directors. 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 November 1.
The announcement comes almost two months after HP's former CEO, Mark Hurd, left the company following a harassment investigation. Hurd has since been hired by Oracle as a co-President.
