HP Thursday (Sept. 30) named Leo Apotheker, former CEO of the German software giant SAP, as its new CEO.
The 57-year-old German native and graduate of Jerusalem's Hebrew University worked at SAP in a variety of positions for more than 20 years.
Apotheker replaces Mark Hurd, who led HP for five years before resigning in August after the company found discrepancies in his expense reporting and investigated sexual-harassment allegations against him.
"Leo is a strategic thinker with a passion for technology, wide-reaching global experience and proven operational discipline -- exactly what we were looking for in a CEO," HP board of directors member Robert Ryan said.
"After more than two decades in the industry, he has a strong track record of driving technological innovation, building customer relationships and developing world-class teams."
Ryan said Apotheker is "a leader in anticipating the transformation taking place in our industry" who has "demonstrated success in the U.S. market and also has vast international experience."
Apotheker speaks five languages – English, Dutch, French, German and Hebrew – and was awarded the French Legion d'honneur in 2007 in recognition of business leadership and contribution to the French economy.
Apotheker resigned abruptly from SAP in February.
As a member of the company's executive board from 2002 until earlier this year, he led worldwide sales, service and field operations; turned around the company's North American operations; and led more than a dozen acquisitions, including to $7 billion takeover of Business Objects.
Apotheker is vice-chairman of the supervisory board of the French company Schneider Electric SA, and is a member of the board of directors of GT Nexus, as well PlaNet Finance, a French non-profit organization that works in the area of microfinance.
Also Thursday, HP named Ray Lane, a managing partner with Kleiner Perkins Caufield & Byers, to its board of directors.