HP Extremely Confident in CEO Choice

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Analysts aren’t confident. The market sure as heck doesn’t seem confident. But HP? HP is very confident in its choice of former head of SAP, Léo Apotheker, for its top spot. How confident?

“I have never felt more confident about our business.” That’s a quote from Cathie Lesjak, HP’s CFO, who has been the interim CEO for the company since the untimely departure of Mark Hurd.

Lesjak, of course, seems to be particularly excited to go back to her old job. “My heart is in being a CFO, and my family and I are pleased I’m going back to that,” she told the press during a conference call this morning.

Just to show you how ultimately confident HP is in its choice, the company wants you to know that Apotheker was its number one choice, never mind the fact that he was only SAP’s CEO for a total of seven months.

According to HP, Apotheker was the only person offered its top job. After an exhausted two month search, HP “ended up with six people who could have done the job,” says HP independent board director, Bob Ryan. From there, the board chose Apotheker unanimously.

Is HP on the up and up here? Does the company’s confidence really matter if no one shares the sentiment? After all, HP’s stock price dipped four percent on the news of Apotheker’s hire.

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