SAN FRANCISCO (Reuters) � Hewlett-Packard Co on Thursday named former SAP chief executive Leo Apotheker as its new CEO and president.
Apotheker succeeds Mark Hurd, who was ousted from HP on August 6 for filing inaccurate expense reports related to a female marketing contractor.
HP's board also named Ray Lane as non-executive chairman. Lane is managing partner at venture capital firm Kleiner Perkins Caufield & Byers.
Both appointments are effective November 1, HP said.
Shares of Palo Alto, California-based HP were halted prior to the announcement. The shares closed at $42.07 on the New York Stock Exchange.
(Reporting by Gabriel Madway. Editing by Robert MacMillan)
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