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 Aug. 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 Nov. 1, HP said. Shares of Palo Alto, California-based HP were halted prior to the announcement.

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