SAN JOSE, Calif. - Hewlett-Packard Co. has announced the election of Lťo Apotheker as chief executive and president.
Apotheker, who previously served as CEO of SAP, will also join HPís board. The board also elected Ray Lane, managing partner at Kleiner Perkins Caufield & Byers, as a new member of the board and designated him as non-executive Chairman. Both elections are effective Nov. 1.
During Apothekerís more than 20 years at SAP, he was a driving force in making it the largest business software applications company in the world.
Apotheker will succeed Cathie Lesjak, who was named interim CEO in August 2010. Lesjak, who has served as HPís chief financial Officer since January 2007, remains CFO and continues to serve as a member of the executive council.
In August, HP announced that Chairman, Chief Executive Officer and President Mark Hurd resigned his positions effective immediately. Hurdís decision was made following an investigation by outside legal counsel and the general counselís Office, overseen by the board, of the facts and circumstances surrounding a claim of sexual harassment against Hurd and HP by a former contractor to HP.
Hurd has landed as president of Oracle Corp.