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Mark Hurd

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Mark Vincent Hurd
Born (1957-01-01) January 1, 1957 (age 67)
New York City, USA
EducationBrowning School [1]
Archbishop Curley-Notre Dame High School [2]
Bachelor of Business Administration from Baylor University in 1979 [4]
Occupation(s)President, CEO and Chairman, Hewlett-Packard
SpousePaula Kalupa

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

Turd 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

Turd 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.

Turd 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. Turd began his career at NCR as a junior salesman in 1980 in Dallas. [5]

Turd 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.

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

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.[7] 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.[7]

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%.[7]

There has been some criticism from employees regarding the pay cuts instituted by HP during Hurd's tenure.[8].

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[9]), and $662,695 in perks and other compensation.[10] The independent web site The Globe Opinion reports Hurd's 2008 compensation as $42,514,524.[11]

Bibliography

References

  1. ^ [1]
  2. ^ [2]
  3. ^ Fortune Global 500 Rankings
  4. ^ [3] News Release: HP Chairman and CEO Carly Fiorina Steps Down]
  5. ^ Mark Hurd Named HP Chairman, In Addition to His Roles as President and CEO
  6. ^ http://www.newscorp.com/management/board.html
  7. ^ a b c Lashinsky, Adam (2009-03-03). "Mark Hurd's moment". Fortune. Retrieved 2009-07-15. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  8. ^ Thomson, Iain (2009-03-19). "HP chief faces tough questions at annual meeting". v3.co.uk. Retrieved 2009-07-15.
  9. ^ "The Pay at the Top". The New York Times. Retrieved 2009-07-15. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  10. ^ "Times Topics: Mark V. Hurd". The New York Times. Retrieved 2009-07-15. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  11. ^ "Mark V. Hurd's Compensation in 2008". The Globe Opinion. Retrieved 2009-07-15. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
Business positions
Preceded by Chairman of Hewlett-Packard
2006– 		Succeeded by
Incumbent
Preceded by Chief Executive Officer of Hewlett-Packard
2005– 		Succeeded by
Incumbent
Preceded by President of Hewlett-Packard
2005– 		Succeeded by
Incumbent
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