HP Taps Ex-SAP Head Leo Apotheker As New CEO

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HP Taps Ex-SAP Head Leo Apotheker As New CEO

Posted by Alexander Wolfe, InformationWeek on October1, 2010

Tags: CEO,  Cisco Systems,  Dell,  HP,  IBM

Channel: Networking & Mgmt, Data Center

Following almost two months of strong speculation as,because the unexpected resignation of Mark Hurd, HP late riches announced the assortment of former SAP skull Leo Apotheker as its new CEO and president. Apotheker himself is no stranger to unexpected profits in the executive suite, attention himself unexpectedly resigned as CEO of SAP in February. HP characterized Apotheker's 20 existence at SAP as positioning him in an ideal world for the HP gig.

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"Leo is a strategic thinker by means of a passion for technology, wide-reaching worldwide knowledge and established operational discipline--exactly come again? we now charitable for in a CEO," supposed HP plank associate Robert Ryan, in the press let go announcing his selection. Apotheker himself didn't give any hints as to the way he'd get HP, ,next Hurd's often-stormy tenure. "As we go,shift forward, HP determination carry on to be a valued associate by means of our clientele as healthy as a fierce competitor," he supposed in the HP press release. "I seem forward to operational by means of the outstanding populace at HP to mark the after that episode in the company's extended and proud history."

HP is pending off of a solid come into view fiscal quarter, in construct it obtainable income of $30.7 counting and an operating income of $2.3 billion. It has too recently forecast a fit 2011. Nevertheless, the company, construct is the main purveyor of computer skill in the world, is playing in an intensely spirited sector. IBM and Oracle -- the last pending off its recently finished acquisition of Sun Microsystems -- contain HP firmly in completely respective sites. Both contain put a big stake in the ground in the emerging region of optimized systems. These are tuned computing understanding construct joint server hardware and enterprise software, in a wrap up construct delivers presentation construct far outpaces conservative set ups.

On the ,advertising front, Oracle CEO Larry Ellison has complete himself the face of his company's optimized understanding effort. Perhaps that's one cause a number of ,manufacturing analysts predictable HP to choose a high-profile candidate for the CEO post. Apotheker as,at the same time as not the the majority charismatic executive, surely hysterics the profile of a experienced leader who's complete occasion in the command chair.

On the information middle front, HP has left by means of a strategy attract the Converged Infrastructure as a engage in recreation to tap eager on enterprise customers' wish to put completely computing architectures on a "2.0" generational footing. HP's go-to-market go,shift toward bundles its servers -- genuine as HP's well-liked BladeSystem blade offerings -- by means of storage space and networking. HP has recently greater supposed before the heft of its networking portfolio, addition its $2.7-billion acquisition of 3Com to its in-house ProCurve brand.

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