Compaq Promotes Insider to CEO After Three-Month Search.After a three-month executive search Compaq Computer Corp unexpectedly promoted an insider, Michael Capellas, to be its new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Capellas was made acting COO following the executive cull in April. He joined Compaq in 1998 as CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. from Oracle and was at SAP before that. Co-founder and chairman Ben Rosen was saying only last week that he was still looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a seasoned CEO to bring on board. Capellas is gonna have his work cut out. We wish him luck. |
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