HP has named LĂ©o Apotheker as its next Chief Executive Officer and President, effective November 1st. Apotheker was previously the CEO of SAP, the world's largest business software applications corporation.

"Léo 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," said Robert Ryan, lead independent director of the Board. "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."

Apotheker is succeeding Cathie Lesjak, who's been interim CEO since the Mark Hurd debacle back in August. [HP]