HP finds its CEO
October 01, 2010
by Kimberly Maul
HP announced yesterday that it hired Leo Apotheker as its new CEO, replacing Mark Hurd, who resigned amid scandal in August.
HP announced yesterday that it hired Leo Apotheker as its new CEO, replacing Mark Hurd, who resigned amid scandal in August. A former SAP executive, Apothekar will earn $1.2 million a year, according to Reuters.
HP also named Ray Lane, a venture capitalist at Kleiner Perkins Caufield & Byers, its non-executive chairman. The Wall Street Journal reported:
"HP is an iconic company that will move the industry forward," Mr. Apotheker said in an interview. He said his hiring isn't a sign HP is going to place more of an emphasis on software and praised the totality of the company's product line.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins
Register
Already registered?
Sign in
