Global CIO: HP Ousts Hurd And Seeks Software Strategy: Top 10 Story #3
HP's CEO-suite melodrama resulted in the company now being run by a software executive. Meanwhile, HP's numbers stayed strong.
Immediately after former HP CEO Mark Hurd left the company under an embarrassing cloud in early August, the world's largest IT company entered a period of intense external scrutiny and second-guessing centered on its strategic positioning for the future, its ability to move as fast as smaller competitors, and its relatively small software business.
Then, in late September, HP surprised the IT world by picking former SAP executive Leo Apotheker to be its new CEO, clearly betting that his long-time tenure in sales at SAP would compensate for his glaring lack of success as a CEO.
"Let's take a look back just eight months ago at the state of SAP when Apotheker was ousted by chairman Hasso Plattner at a time when the company had clearly lost its way in the market, was getting hammered by Oracle, seemed unable to get vital new products out the door, and was frighteningly out of touch with its customers. . . .