The rapid ousting of HP's former CEO, Mark Hurd, was one of the biggest scandals in the business and IT markets in 2010, but it seems that the giant US computer manufacturer has finally managed to find new leadership with the appointing of Léo Apotheker, former SAP CEO, as Chief Executive Officer and President.

During Apotheker’s more than 20 years at SAP, he helped develop and implement the most significant changes in SAP history.

During his tenure, he transformed R&D and technology platforms and expanded business models and customer segments, HP informs us.

Apotheker also helped lead SAP to 18 consecutive quarters of double-digit software revenue growth between 2004 and 2009.

“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.”

Ryan continued, “Léo has been a leader in anticipating the transformation taking place in our industry, and we believe he is uniquely positioned to help accelerate HP’s strategy.

He has demonstrated success in the U.S. market and also has vast international experience – which will be a major asset as HP continues to expand globally, particularly in high-growth emerging markets.

HP has the right assets and market positions, and now we have the best team to realize the company’s enormous potential.”

“HP has a powerful mix of businesses, products and services, one of the most innovative cultures in the industry, and an accomplished management team who have played a critical role in its success,” said Apotheker.

“I am deeply honored to be joining the more than 300,000 dedicated HP employees,” HP's new CEO added.

Apotheker will succeed Cathie Lesjak, who was named interim CEO in August 2010.

Lesjak, who has served as HP’s Chief Financial Officer since January 2007, remains CFO and continues to serve as a member of the Executive Council.