Hurd (BBA '79) Named CEO of the Year by San Francisco ChronicleApril 22, 2008
By Kate Gronewald
The San Francisco Chronicle has named Mark Hurd, chief executive officer of Hewlett-Packard Co., its CEO of the Year.
The selection is part of "The Chronicle 200," the newspaper's annual report on the 200 largest public companies in the Bay Area. HP ranks second among the considered companies, earning $104 billion in annual revenue for the 2007 fiscal year.
The Chronicle based the award on Hurd's performance at the helm of the technology company, based in Palo Alto, Calif. Hurd was named CEO in March of 2005. Since that time, HP's stock price has doubled and the corporation has consistently outperformed analysts' expectations.
According to The Chronicle, Hurd has transformed HP, sending it back "to the top of the tech world" by focusing on efficiency, growth, accountability and execution. As of 2006, the company is once again the top PC-maker, a segment of the company that has seen a 36 percent rise in revenue since Hurd's arrival.
Noting his modesty and focus on his team at HP, The Chronicle acknowledged Hurd's new vision and emphasis on future growth. As part of this vision, HP's goal is to be the leading information technology company in the world.
Hurd is the former CEO and president of NCR Corp. He earned a bachelor's degree in business administration from Baylor in 1979.
SF Chronicle: Mark Hurd has Earned a Name at Hewlett-Packard