Leo Apotheker, new HP CEOHewlett-Packard (HPQ) has filled the hole in its corner office, naming Leo Apotheker, a fomer CEO of German software giant SAP (SAP), to replace Mark Hurd as CEO. The storied Silicon Valley tech pioneer had ousted last month in a sexually tinged expenses scandal. Hurd has since joined Oracle (ORCL), the tech company run by his friend Larry Ellison.

The move is something of a surprise because Todd Bradley, executive VP of HP's personal systems group -- the $42 billion mobile and PC business -- had been seen as the favorite.

Apotheker had been CEO of SAP before stepping down in early 2010. "Leo 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, HP's lead independent director ,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: "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. I am deeply honored to be joining the more than 300,000 dedicated HP employees."

HP also named Ray Lane, managing partner at venture capital titan Kleiner Perkins, as nonexecutive chairman of the board. Both elections are effective Nov. 1. Earlier this week, HP offered an optimistic forecast for its 2011 financial performance.

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Screw HP and their new CEO Leo "the Hitler" Apotheker

October 03 2010 at 1:48 AM Report abuse rate up rate down Reply

they are a global company. I think this was a good move.

October 02 2010 at 10:14 AM Report abuse -1 rate up rate down Reply

Hewlett-Packard has to import a CEO from France because........why??? With 10% unemployment rate could they not find a LEGAL AMERICAN CITIZEN to replace Hurd? Did they not have someone within the company in the US that they could promote? I use to be a BIG HP fan, but after this stunt, not any more! We now see where their loyalities really are, and they apparently ARE NOT with the US$$$ Good luck with your selection!

October 01 2010 at 9:40 AM Report abuse +1 rate up rate down Reply