The Board of Directors of HP has announced Mark Hurd’s replacement as President and CEO. Léo Apotheker, who previously served as CEO of SAP, has been named to the role and will also join HP’s Board of Directors.
Apotheker spent over 20 years at SAP, the world’s largest business software company based in Walldorf, Germany. He was responsible for transforming the company’s R&D and technology platforms, which resulted in 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.”
“HP has a powerful mix of businesses, products and services, one of the most innovative cultures in the industry, and an accomplished management team who have played a critical role in its success,” said Apotheker in a press release. “I am deeply honored to be joining the more than 300,000 dedicated HP employees.”
Apotheker continued, “Given HP’s diversified products and services, its financial strength, and its leadership position across markets, no other company is as well positioned to drive – and profit from – the revolutionary changes under way in the marketplace. As we move forward, HP will continue to be a valued partner with our customers as well as a fierce competitor. I look forward to working with the outstanding people at HP to write the next chapter in the company’s long and proud history.”
Apotheker replaces Cathie Lesjak, who served as interim CEO after Mark Hurd’s controversial departure in August. Lesjak will continue as HP’s CFO, a position she has held since 2007.
Print this page
