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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.

Labels: CEO

Léo Apotheker Named CEO and President of HP - Helpful links and resources

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.

Read the full press release

Read Leo's official biography and download a photo

New HP stock photography - resolution for Web use

HP B-roll video footage

Download a photo of Ray Lane, incoming non-executive Chairman

Dowload hi-res HP stock photography

Download HP logo

Official statement from Bill McDermott, co-CEO, SAP AG:

“This is great news for HP and for SAP.  SAP and HP are outstanding partners, HP is a great SAP customer, and this move only sets the stage for an even deeper relationship between our two companies.  Leo understands our business model and how to fully advantage this partnership to help our joint customers be best run businesses.  I personally congratulate Leo on this tremendous appointment.”


More updates will be posted here and to @hpnews as they come available

Labels: CEO

Official biography for incoming CEO and President Léo Apotheker

Léo Apotheker has been named chief executive officer and president of HP, effective Nov. 1, 2010. He also will join the HP board of directors at that time.
























Apotheker worked at SAP for more than 20 years in a variety of positions, most recently as chief executive officer. He served as a member of SAP’s executive board from 2002 until 2010. In addition to serving as co-CEO and CEO, he also previously served as deputy CEO, and, for five years, as president of Global Customer Solutions and Operations. For a period, he also had responsibility for SAP’s North American operations. From 1999 to 2002, he was president of SAP EMEA (Europe, Middle East and Africa); before that, served as CEO of South-West Europe Region; and was CEO and founder of SAP France and SAP Belgium. He started his career at SAP in 1988.

Apotheker was the founding president and chief operating officer of ECsoft BV, one of the largest European venture capital start-ups, from 1992 to 1994. He also has held leadership and management positions at ABP Partners, McCormack & Dodge Europe, S.W.I.F.T. and Altex GmbH.

Apotheker was born in Aachen, Germany on Sept. 18, 1953, and graduated with a B.A. in economics and international relations from Hebrew University, Jerusalem. He is fluent in five languages (English, Dutch, French, German and Hebrew) and was awarded the French Légion d’honneur in 2007 in recognition of his business leadership and contribution to the French economy.

Apotheker currently serves as vice chairman of the supervisory board of Schneider Electric SA, and is a member of the board of directors of GT Nexus and the board of PlaNet Finance, a not-for-profit organization.


Download the image above here


Read the official press release from today

Labels: CEO
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