Former SAP Boss to Take the Helm at HP
As former HP CEO Mark Hurd gets settled in as president of Oracle, HP has named former SAP boss Léo Apotheker as its next president and CEO. According to this report from Datamation, Apotheker will join (NYSE: HPQ) HP and take a spot on the board of directors Nov. 1, replacing interim CEO Cathie Lesjak, who will return to her role as chief financial officer.
Apotheker will join (NYSE: HPQ) HP and take a spot on the board of directors Nov. 1, replacing interim CEO Cathie Lesjak, who will return to her role as chief financial officer, the company said on Thursday.
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, Robert Ryan, lead independent director of HP's board, said in a statement. 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.
Said Apotheker, 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.
But skeptics might seize on SAP's lackluster performance under Apotheker's stewardship, a tenure marked by an inert stock price and an eroding market share at the hands of arch-rival Oracle (NASDAQ: ORCL).
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