Mark Hurd

Mark Vincent Hurd is the chairman, chief executive officer, and president of Hewlett-Packard, the largest information technology company in the world.^[3] Hurd succeeded CFO Robert Wayman, who served as interim CEO from February 10, 2005 to March 28, 2005 after former CEO Carly Fiorina stepped down^[4]. On September 22, 2006, Hurd succeeded Patricia C. Dunn as chairman after she resigned as a result of the pretexting controversy.^[5]

Education

Hurd graduated from Baylor University with a Bachelor of Business Administration in 1979, where he played tennis, and was a member of Phi Delta Theta, the Tryon Coterie (Texas Lambda Chapter).

Career

Hurd previously spent 25 years at NCR Corporation, culminating in his two-year tenure as chief executive officer and president. His leadership was marked by successful efforts to improve operating efficiency, bolster the position of NCR's product line and build a strong leadership team. In fiscal 2004, NCR generated revenue of $6.0 billion, up 7 percent from a year earlier, and net income rose nearly fivefold to $290 million.

Hurd was named president of NCR in 2001 and was given additional responsibilities as chief operating officer in 2002. Prior to that, he spent three years as head of the company's Teradata data-warehousing division. Earlier, he held a variety of general management, operations, and sales and marketing roles. Hurd began his career at NCR as a junior salesman in 1980 in Dallas.^[1]

Hurd is a member of the Technology CEO Council, a coalition of chairmen and chief executive officers of IT companies, which develops and advocates public policy positions on technology and trade issues.

Hurd is also a director of the News Corporation.^[6]

Along with this, Hurd has two daughters.

Hewlett-Packard

Management style

Hurd is regarded as one of the best managers in the United States for turning around HP and putting it in first place in the sales of desktop computers (since 2007) and laptop computers (since 2006), and increasing its 2008 market share in inkjet and laser printers to 46% and 50.5%, respectively.^[1] He says that he gets up every day at 4:45AM in California without an alarm clock because he believes a competitor is already awake on the east coast.^[1]

Hurd has a reputation for efficiency. He laid off 15,200 workers—10% of the workforce—shortly after becoming CEO. Other cost-cutting moves include cutting the IT department from 19,000 to 8,000, reducing the number of software applications that HP uses from 6,000 to 1,500, and consolidating the HP's 85 data centers to 6. These measures have enabled HP to hire more salespeople. Hurd has forecast that in the plummeting global economy of 2009 HP's sales could drop as much as 5%, but its profits will increase by nearly 6%.^[1]

Compensation

The New York Times reports that in 2008 Hurd's total compensation was $33,952,237, including a base salary of $1,450,000, stock awards of $7,907,660, a cash bonus of $23,931,882 (the largest bonus of any CEO in 2008^[7]), and $662,695 in perks and other compensation.^[8] The independent web site The Globe Opinion reports Hurd's 2008 compensation as $42,514,524.^[9]

Bibliography

• The Value Factor: How Global Leaders Use Information for Growth and Competitive Advantage by Mark Hurd and Lars Nyberg, Bloomberg Press, 2004, ISBN 1-57660-157-9
• Fall 2003 Baylor Business Review "Enterprise Decision-Making" by Mark Hurd, ISSN 0739-1072

References

External links

• An HP Executive Team Biography of Mark Hurd
• Fall 2006 Baylor Business Review Q&A with Mark Hurd
• Fall 2006 Baylor Business Review "Five Leadership Tips from Mark Hurd"
• Fall 2003 Baylor Business Review "Enterprise Decision-Making"
• BBC article on appointment to H-P
• March 30 2005 - H-P CEO Mark Hurd speaks
• Jan. 17, 18 of 2003 - Kellogg School of Management’s Digital Frontier Conference - Mark Hurd is keynote speaker
• Meet H-P’s New Boss - ZDNet - CNET Networks
• Mark Hurd: Technology Transformation Takes Commitment, Investment Government Technology Magazine May, 2009