HP names Apotheker as new chief

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts
  • xman
    Admin
    • Sep 2006
    • 24007

    HP names Apotheker as new chief

    </span> Mr Apotheker previously worked for Germany's SAP
    Computer maker Hewlett Packard (HP) has named Leo Apotheker, former boss of business software maker SAP, as its new chief executive and president.

    He replaces Mark Hurd, who stepped down from his positions as president and CEO after an investigation into claims made against him by a former HP contractor.

    HP has also named Ray Lane, of venture capital firm Kleiner Perkins Caufield & Byers, as non-executive chairman.

    Both appointments will come into effect on 1 November, said HP.

    Mr Apotheker had been with SAP since 1988 and had been their chief executive since April 2008.

    He becomes the third new HP boss in a decade.

    Trading in HP shares was briefly halted after the stock market closed.

    When after-the-bell trading resumed, HP's shares fell by $1.37, or 3.3%, to $40.70.

    This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


Working...
X