Report: NCR’s Hurd Chosen as Fiorina’s successor at HP29 Mar, 2005
Report: NCR’s Hurd Chosen as Fiorina’s successor at HP
According to several reports, NCR Corporation CEO and President Mark Hurd has resigned from the technology company today to accept Hewlett-Packard’s CEO position left vacant by the resignation of Carly Fiorina early last month.
"I'm very proud of what NCR has achieved during my tenure as CEO and I'm confident that with the company's leading technologies and attractive markets, coupled with the management team's focus on execution, the momentum will continue," said the 48-year-old Hurd, who has headed the $6 billion company since February 2003. NCR is involved in multiple technology sectors, including ATM machines, point-of-sale machines and data warehousing.
Hurd will take over the $80 billion technology giant that has struggled in PC sales, but has flourished with its Imaging & Printing Group, which accounts for more than $24 billion of HP’s revenue. Robert Wayman, HP's COO, held the CEO position during the company’s search.
NCR board member James M. Ringler has taken the reins as interim CEO. Ringler, retired vice chairman of Illinois Tool Works, Inc., joined the NCR board in 2003.
Ringler said, "Clearly, given the contributions Mark has made to the company over his 25-year career with NCR, we're all disappointed to see him go, but we respect his decision to take on a new challenge."
The board is actively engaged in a search for a new CEO.