Hewlett-Packard Co. appointed former SAP AG Chief Executive Officer Leo Apotheker as CEO and president, turning to an external candidate who resigned from his last job in February after sales and profit slumped.
Hewlett-Packard Co.’s board was urged by a committee that reviewed the company’s purchase of Autonomy Corp. to pursue legal claims against former executives of the British software maker and to take no action involving its own officers, according to a court filing.
As software maker SAP AG expands in emerging markets from Beijing to Buenos Aires, managers are also focusing their attention on a place they have sometimes neglected: the company’s home country of Germany.
Hewlett-Packard Co. agreed to pay $57 million to settle a shareholder lawsuit accusing former Chief Executive Officer Leo Apotheker of making misleading statements about operations before he was ousted.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman plans to stick by strategies set in motion by her predecessor, Leo Apotheker, betting that investors prefer steady leadership to another unsettling change of course.
Hewlett-Packard Co. Chairman Ray Lane told Leo Apotheker on Sept. 21 that he’d be ousted as chief executive officer after eight weeks of board wrangling that included the departure of a director close to the CEO.
Hewlett-Packard Co. ousted Chief Executive Officer Leo Apotheker yesterday, tapping director and former EBay Inc. CEO Meg Whitman to replace him. Before Sept. 21, when Bloomberg reported that he might be fired, the company’s stock had plunged 47 percent on his watch. The following timeline chronicles Apotheker’s tenure.