Home / / HP appoints Leo Apotheker as CEO and president

HP appoints Leo Apotheker as CEO and president

Ex-SAP CEO to take lead at HP

HP appoints Leo Apotheker as CEO and president
Apotheker said he was looking forward to working with the outstanding people at HP.

HP has announced the appointment of SAP veteran Léo Apotheker as chief executive officer and president.

Apotheker, who was at SAP for over 20 years, resigned from the company in February this year, after lasting less than one year as the sole CEO of SAP. He was previously deputy CEO, and held a number of other roles at the company,

He replaces Mark Hurd, who left HP in August over claims of sexual harassment and improper expenses claims, and then joined Oracle.

Robert Ryan, lead independent director of the Board commented: "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. 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."

"Léo has been a leader in anticipating the transformation taking place in our industry, and we believe he is uniquely positioned to help accelerate HP's strategy. He has demonstrated success in the US market and also has vast international experience - which will be a major asset as HP continues to expand globally, particularly in high-growth emerging markets. HP has the right assets and market positions, and now we have the best team to realize the company's enormous potential," he added.

"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. "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."

HP also announced that Ray Lane, managing partner at Kleiner Perkins Caufield & Byers, has been appointed as member of the board and non-executive chairman for the company.

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