Feeds

Look out, world - Mad Leo Apotheker's back!

Oh those crazy Frenchies

Build a business case: developing custom apps

Comment Wild-eyed former HP CEO Leo Apotheker is back in the IT hot seat after bagging a spot on the supervisory board at French tech outfit Steria.

The appointment of the bumbling exec was approved by 99.8 per cent of shareholders at the Annual General Meeting on 15 May. At the same time, Laetitia Puyfaucher was also voted onto the board.

Presumably investors have been locked in some sort of time warp over the past couple of years and missed Apotheker's hapless but brief reign at SAP and then HP.

At SAP he caused a storm during his 10-month tenure as CEO by leading the firm to its first quarterly loss in seven years, and faced a customer backlash after attempting to raise prices during a recession. At HP, he presided over a summer of gaffes, which included putting the future of HP's PC arm in doubt in August and canning the webOS hardware wing.

In the same month he also splashed $10bn on UK software maker Autonomy.

When Apotheker joined HP, its market cap was $77bn, but it fell to $45bn last year, and investors lost confidence in the vendor. Apotheker pocketed a severance payment of $7.2m when he left HP in September.

Steria claimed without a hint of irony today that "Leo Apotheker is known throughout the IT services industry for his experience and knowledge".

He also sits on the board of Schneider Electric and NGO PlaNet Finance. François Enaud, Steria Group general manager, said: "Given the widespread changes underway in our industry, Leo's expertise in strategic planning and Laetitia's in image development will be precious assets for our group."

In its first quarter of 2012 ended March, Steria saw revenues climb 8.6 per cent year-on-year (0.6 per cent organically) to €465.8m. The company did not reveal profits. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.