September 30, 2010 – Hewlett-Packard named Léo Apotheker as chief executive officer and president, tapping the former SAP executive to fill the position left open with Mark Hurd’s contentious resignation and move to Oracle.
Apotheker spent more than two decades at SAP, leading for seven months until he stepped down in February. In a news release, HP touted Apotheker’s transformation of SAP’s research and development department, and his work bringing that company large-scale growth from 2004 to 2009.
“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,” Apotheker said in a news release.
HP also named Ray Lane as non-executive chairman of the board, according to a news release from the company on both personnel moves. Lane is a managing partner at venture capital firm Kleiner Perkins Caufield & Byers.
Both elections are effective Nov. 1.
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