Leo Apotheker’s 11 Months as CEO of Hewlett-Packard: Timeline
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Hewlett-Packard Co. ousted Chief Executive Officer Leo Apotheker yesterday, tapping director and former EBay Inc. CEO Meg Whitman to replace him. Before Sept. 21, when Bloomberg reported that he might be fired, the company’s stock had plunged 47 percent on his watch. The following timeline chronicles Apotheker’s tenure.
Feb. 7, 2010: Apotheker resigns from SAP AG after 10 months as CEO. He presided over SAP’s first annual revenue decline since 2003 as customers, hit by the recession, delayed software purchases. During his time as CEO, SAP slashed more than 3,000 jobs, its first major cuts since the company was created.