Topic: SAP AG
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Fortune 500 companies are supposed to be stable, rock-solid institutions, where CEO change rarely happens. But it doesn't always happen that way. Just ask Hewlett-Packard, which announced Thursday that Meg Whitman would be the company's new chief executive officer, the fourth HP CEO in six years. In the past six years, only 16 companies on the Fortune 500 or S&P 500 have had three CEOs, according to executive search firm Crist Kolder Associates in Hinsdale, Ill. Besides HP, only two have had four or more. Can you guess who these CEO change champions are? [Editor's note: This story was updated 9/23/2011.]
Former eBay CEO Meg Whitman reportedly is the choice of the troubled company's board to replace the current HP CEO, Leo Apotheker. Despite her past achievements, some question whether she is up for the daunting task.
Meg Whitman, former CEO of eBay, may temporarily replace Hewlett-Packard CEO Leo Apotheker. Meg Whitman joined the HP board in January.
Léo Apotheker, a software strategist, must lead hardware-maker HP into a new world of software services.