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Thursday September 30, 2010

HP Names New CEO and President

We should start a pool to see how long this one lasts. Maybe side bets on why he’ll quit and how much the severance package will be?

The Board of Directors of HP today announced the election of Léo Apotheker as Chief Executive Officer and President. Apotheker, who previously served as CEO of SAP, will also join HP’s Board of Directors. The Board also elected Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, as a new member of the Board and designated him as non-executive Chairman. Both elections are effective November 1.

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