Leo Apotheker is new HP CEO

Former SAP CEO will replace Hurd at HP.

Oct 1 2010, 2:43am CDT | by Luigi Lugmayr

In a surprising move, HP names former SAP CEO Leo Apotheker CEO of HP. Leo Apotheker is replacing ousted Mark Hurd, who is now number two at Oracle. German born Apotheker has been at SAP over 20 years.

“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. “I am deeply honored to be joining the more than 300,000 dedicated HP employees.”

HP also announced that Ray Lane will join HP as non-executive Chairman of the Board.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.