HP named Léo Apotheker to the position of CEO and president.
Apotheker is the former CEO of SAP and will also come on to HP’s board of directors.
The board also elected Ray Lane of Kleiner Perkins Caufield & Byers to the board, and designated him as non-executive chairman.
Both elections will take effect Nov. 1.
Lane previously held positions at Oracle, Booz Allen Hamilton, EDS and IBM.
“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.”