News

HP Taps Outsider as CEO

Once again, Hewlett-Packard Co. has turned to an outsider, naming Leo Apotheker as president and CEO and former Oracle President Ray Lane as non-executive chairman.

Both appointments take effect Nov. 1, HP announced late Thursday. Apotheker spent 20 years at SAP and was CEO of the company up until early this year when he was forced to step down amid criticism that the company was too slow in getting its software-as-a service strategy off the ground, as reported.

Lane is managing partner at Kleiner Perkins Caufield & Byers, and has served on the boards of more than 20 public and private companies. He joined Kleiner Perkins in 2000.

In a statement released today, HP said Apotheker was "a driving force in making [SAP] the largest business software applications company in the world." At SAP, he bolstered R&D, expanded business models and customer segments, HP said.

"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," said Robert Ryan, lead independent director of HP's Board. "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."

Once again, HP has spurned key insiders in favor of an outsider to run the company. The executives replace Mark Hurd, who stepped down early last month amid allegations of an improper relationship and use of company funds.

Among those who were contenders for the top spot were Todd Bradley, who runs the company's client systems business, and Ann Livermore, who runs its large services organization. Livermore has now been passed over for the top slot three times.

About the Author

Jeffrey Schwartz is editor of Redmond magazine and also covers cloud computing for Virtualization Review's Cloud Report. In addition, he writes the Channeling the Cloud column for Redmond Channel Partner. Follow him on Twitter @JeffreySchwartz.

Featured

  • RAMBleed Side-Channel Attack Method Disclosed by Researchers

    Academic researchers this week published information about another side-channel attack method, called "RAMBleed," that can expose information from memory chips, including encryption key information.

  • Penguin

    Windows 10 Preview Build 18917 Shows Off New Linux Integration

    Microsoft's latest Windows 10 "fast-ring" preview release is showcasing a coming Delivery Optimization enhancement, along with the ability to try the newly emerged Windows Subsystem for Linux version 2.

  • Customizing Microsoft Office 365

    While the overall look and feel of Office 365 is pretty standard across organizations, there are several ways to personalize it and make it fit better with your company's specific needs.

  • Microsoft 365 Business Tenants Getting Conditional Access and Trouble-Ticket Features

    Microsoft added its conditional access security service to Microsoft 365 Business subscriptions, according to a Wednesday announcement, and it also added new trouble-ticket features for Microsoft 365 administrators.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.