Feeds

HP bets on the Hurd mentality for CEO

Cash register stud to the rescue

  • alert
  • submit to reddit

HP ProLiant Gen8: Integrated lifecycle automation

NCR CEO Mark Hurd has risen from the "shortlist" of HP CEO candidates right on up to the CEO post.

HP today announced that Hurd, 48, will succeed Carly Fiorina, who was ousted last month by HP's board. The former NCR chief had been named yesterday as the likely HP CEO candidate by BusinessWeek. In the story, sources described Hurd as being adept at running a "mini-HP."

"Mark came to our attention because of his strong execution skills, his proven ability to lead top performing teams and his track record in driving shareholder value," said Patricia Dunn, HP's non-executive chairman. "He demonstrated these skills by turning around NCR, which, while smaller than HP, is a complex organization with multiple business segments. As we got to know Mark, we were impressed by his emphasis on developing internal talent while reaching outside for new skills, his understanding of the role of culture in a company's success and his personal integrity."

NCR also confessed to Hurd's departure once word of the HP hiring hit the news wires.

"NCR today announced that Mark Hurd, president and chief executive officer (CEO), has resigned from NCR, effective immediately, to accept a position with a large global technology company," NCR said.

NCR is now hunting for a new CEO. Could Carly get in the ATM game?

Hurd was tapped as NCR chief in March of 2003 after working in various positions at the company since 1980. In its most recent quarter (Q4), NCR saw revenue rise 9 per cent to $1.8bn and reported net income of $124m. NCR posted revenue of $6.0bn in 2004 versus $5.6bn in 2003.

Hurd will be charged with adding new life to HP's server, storage, PC and software businesses, while keeping its printing and imaging and services organizations strong. Most importantly, investors will look to the new CEO to produce steady profits in all of HP's major businesses. Fiorina was canned, in part, because of inconsistent results.

Hurd is just the second outsider to take the helm of HP - Fiorina being the first. He starts on April 1. Get it? ®

Related stories

HP eyes 'younger man' for CEO post - report
Carly tipped for World Bank job
HP serves up bland post-Fiorina Q1
Bye bye Carly, don't forget to write

Eight steps to building an HP BladeSystem

More from The Register

next story
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.