March 7, 2012 by staff
Leo Apotheker, Léo Apotheker (born September 18, 1953, in Aachen, Germany) is the former CEO of Hewlett-Packard, serving in that position from November 2010, leading the company to lose more than $30 billion in market capitalization before leaving the company on 22nd September 2011, and the former CEO of SAP AG, having served in that position from April 2008 to February 2010.
He joined the SAP AG executive board in 2002 and was promoted to co-CEO of the company in April 2008 to ensure a smooth handover from his predecessor, Henning Kagermann, when the latter’s contract with the company expired.
The succession plan was communicated in the business media early in 2008, including Forbes magazine. The transition received praise as an example of SAP’s corporate culture, “a seemingly contradictory mix of internal consensus and competition”.
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