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. 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.
Hewlett-Packard Co. chairman- designate Ray Lane described Leo Apotheker , the company’s newly appointed chief executive officer, as a “principled leader” and faulted former CEO Mark Hurd in a public letter .