Léo Apotheker Named CEO and President of HPOctober 1, 2010
“I am excited to join the Board of this pioneering company, and look forward to working closely with Léo—and the rest of the Board and senior management team—as they capitalize on the changes taking place across the industry,” Lane said. “I have known and admired Léo for almost 20 years. He is ideally suited to build on HP’s strong foundation, leverage its many assets and keep the company at the forefront of innovation.”
Apotheker will succeed Cathie Lesjak, who was named interim CEO in August 2010. Lesjak, who has served as HP’s CFO since January 2007, remains CFO and continues to serve as a member of the Executive Council. Ryan said, “Cathie is and will continue to be an important part of HP. We are extremely fortunate to have one of the deepest, most talented senior management teams in the industry and to have someone of Cathie’s caliber lead HP during this interim period. On behalf of the entire Board, I would like to thank Cathie and our senior management team for maintaining HP’s focus on serving customers and continuing to execute our strategy.”
About Léo Apotheker
Apotheker worked at SAP for more than 20 years in a variety of positions, most recently as Chief Executive Officer. As a member of SAP’s Executive Board from 2002 until 2010, Apotheker oversaw the full sweep of the company’s operations. He led worldwide sales, service, and field operations for five years and more than doubled the number of customers; successfully turned around SAP’s North American operations; and led more than a dozen acquisitions, including the approximately $7 billion takeover of Business Objects, the first major acquisition in SAP’s history.
In addition to serving as co-CEO and CEO, Apotheker also previously served as deputy CEO, and, for five years, as President of Global Customer Solutions and Operations. For a period, he also had responsibility for SAP’s North American operations. From 1999 to 2002, he was President of SAP EMEA (Europe, Middle East and Africa); before that, served as CEO of South-West Europe Region; and was CEO and founder of SAP France and SAP Belgium. He started his career at SAP in 1988.
Apotheker was the founding president and chief operating officer of ECsoft BV, one of the largest European venture capital start-ups, from 1992 to 1994. He also has held leadership and management positions at ABP Partners, McCormack & Dodge Europe, S.W.I.F.T. and Altex GmbH.
Apotheker was born in Aachen, Germany on September 18, 1953, and graduated with a BA in Economics and International Relations from Hebrew University, Jerusalem. He is fluent in five languages (English, Dutch, French, German and Hebrew) and was awarded the French Légion d’honneur in 2007 in recognition of his business leadership and contribution to the French economy.
Apotheker currently serves as Vice Chairman of the Supervisory Board of Schneider Electric SA, and is a member of the Board of Directors of GT Nexus and the Board of PlaNet Finance, a not-for-profit organization.
About Ray Lane
Lane is a Managing Partner at Kleiner Perkins Caufield & Byers. He sits on the boards of Fisker Automotive, GreatPoint Energy, Luca Technologies, Xsigo, Elance and Quest Software. Prior to KPCB, he was President and Chief Operating Officer of Oracle. Before joining Oracle, Lane was a Senior Partner with Booz Allen Hamilton and led that firm’s Information Technology practice worldwide. Prior to Booz Allen Hamilton, he served as Division Vice President with EDS. In addition, he spent ten years with IBM in various product management, sales, and marketing positions. Lane received a bachelor’s degree in mathematics and an honorary PhD in science from West Virginia University. He serves as Chairman of the Board of Trustees of Carnegie Mellon University, is on the Board of Governors of WVU, and serves as Vice Chairman of Special Olympics International.
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