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Highlights and quotes from Incoming CEO Apotheker call with investors

hpceo_image002.jpgThis morning incoming CEO Léo Apotheker spoke with financial analysts about his new role.  Here’s a few highlights and quotes from the call, if you’d like to listen to the whole thing a replay will be available here.


For more information, including Léo's biography, HP photos, and more, click here.

- Léo was the only person offered the position, and the Board’s decision was unanimous

- Robert Ryan, lead independent director of the Board, said that Léo has demonstrated success in the U.S. market and has major international experience, can lead HP in high-growth emerging markets, and can manage a global, complex organization.

Ryan added, “From the day the Board began our search, we've been focused on finding the very best candidate to lead HP forward. We wanted a strategic thinker with a passion for technology. We wanted someone with wide range in global experience and proven operational discipline. And most importantly, we wanted a leader who understands that HP's most important asset is its employees. We found all of these qualities and more in Léo.”

- Léo Apotheker said that the decision to come to HP was an easy one and that no other company can match HP’s market opportunity.  He added that great tech companies need innovation at the core and accountability around execution and delivering customer value.

Quotes from Léo:

“For me the decision to accept the position was an easy one. I don't think there's another company in fact that can match HP's opportunity in the marketplace or HP's competitive advantages.”

“HP is investing in innovation but has a disciplined rigor to those investments that can perform over the short and long-term.”

“The senior leadership team here at HP is also incredibly talented, deep, and experienced. And they run the business with discipline and consistency, it's in their DNA.”

“I have a fundamental belief that great technology companies need innovation at the core and accountability around execution and delivering customer value.”

“I'm also looking forward to working with our new non-executive Chairman, Ray Lane, who I've known and worked with for almost 20 years. Ray's sharp strategic insight and exceptional industry perspective will be a huge asset to HP.”

In response to a question about HP’s software strategy:

“If you want to talk about the strategy of HP, here are a few points that I would like to share with you.  I believe and the management team believes…that HP should be more valuable than the sum of its parts.  And in order to make that happen we all believe, and HP has a long standing commitment to that, that software is sort of glue to make that happen."

"Software is how we differentiate on our industry standard platforms, software is how can make sure that various parts of our technology actually fit well together.”

“It's not only software though.  Also higher value-added services are increasingly an important element in this strategy as well. So you should see us working on all of these elements.  We will continue to execute in the way we are executing.”

“HP has a great strategy and we will be focusing on all of our lines of businesses including our PCs, including our server business, including our networking business and of course including of our software business.

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