Palo Alto, Calif.—Hewlett-Packard Co. announced Tuesday that its board of directors has named Mark Hurd CEO-president. Hurd, who resigned earlier in the day as CEO-president of NCR Corp., succeeds Carleton Fiorina who resigned in early February at the board’s request.
Hurd spent 25 years at NCR in a range of general management, operations and sales and marketing positions. At one time he was VP-worldwide marketing for the company, but observers do not believe Hurd was hired for his marketing experience. They attribute his selection to his ability to turn around NCR, which was struggling when he took over in 2003.
"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," Patricia Dunn, HP’s non-executive chairman, said in a statement. "He demonstrated these skills by turning around NCR, which, while smaller than HP, is a complex organization with multiple business segments."