Movers and Shakers: Where Some of IT's Top Executives Are Going - Slide 3

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Former SAP CEO Leo Apotheker has been named the new CEO of HP following Hurd’s departure. Apotheker stepped down as SAP’s CEO in February. He will receive an annual salary of $1.2 million, a signing bonus of $4 million and a $4.6 million relocation allowance.

IT Business Edge's Rob Enderle believes HP will quickly bulk up in software under Apotheker to do battle with Oracle and has much praise for HP's board for hiring him and new Chairman Ray Lane, a former Oracle executive.

Business First reports that according to global outplacement consultant Challenger, Gray & Christmas Inc. of Chicago, September 2010 was a tumultuous month for CEOs as the turnover rate surged to a four-month high. September CEO departures were up 17 percent from August and 5.7 percent from the same month a year ago.

John A. Challenger, CEO of Challenger, Gray & Christmas, says several factors are contributing to the turnover rate, including

“a volatile economy, an aging CEO population, a brighter spotlight on the CEO position and calls for more accountability on the part of corporate leadership.”

The technology industry was not immune from shakeups. We’ve compiled a list of the movements of some of IT’s big names.

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