Advertisement

Hewlett-Packard's new CEO, Leo Apotheker, will get an annual salary of $1.2 million, a $4 million signing bonus and restricted shares in the technology company.

Hewlett-Packard Co. said Friday that the 57-year-old Apotheker will also be eligible to receive cash incentives if the company meets certain performance goals each year.

HP named Apotheker as CEO Thursday, disappointing investors. The former SAP chief lost his job running the German business software maker earlier this year.

Advertisement
Advertisement