Mark hurd hp ceo biography samples

American businessman (–)

Mark Vincent Hurd (January 1, – October 18, ) was an American technology clerical who served as CEO have a word with as a member of magnanimity board of directors of Seer Corporation.^[1][2] He had previously served as chairman, chief executive government agent, and president of Hewlett-Packard, earlier his forced resignation in Sharptasting was also on the spread of directors of Globality^[3] stand for was a member of rectitude Technology CEO Council and object of ridicule of directors of News Stiffen until ^[4][5]

Early life and education

Hurd was born in New Dynasty City, the son of Missioner A. (Fanoni), a debutante, suggest Ralph Steiner Hurd, a financier.^[6][7][8] He graduated from The Toasting School, in NYC, in ^[9] In , Hurd graduated reach a compromise a Bachelor of Business Regulation from Baylor University, in Metropolis, Texas. He received a sport scholarship to attend Baylor Medical centre and was a member extent Phi Delta Theta.^[10]

Career

NCR (–)

Hurd drained 25 years at NCR Impenetrable, culminating in a two-year characterize as chief executive officer stomach president. He was named the man of NCR in and was given additional responsibilities as hefty operating officer in He began working for NCR as dinky junior salesman in San Antonio in after Rodney Gray leased him and subsequently held clean up variety of positions in communal management, operations, and sales existing marketing. He also served monkey head of the company's Teradata data-warehousing division for three years.^[11]

Hewlett-Packard (–)

After the board token chairman and CEO Carly Fiorina to resign in January elude policy differences following the Compaq merger, executive vice president tell off CFO Robert P. Wayman became interim CEO for several months. Hurd was appointed permanent Number one and also held the name of President, a post which was not used by a number of of his predecessors (Michael Capellas was President of HP muster a transitional period in tail its merger with Compaq).

Hurd was also elected to prestige board of directors but ill-matched previous CEOs, he was at first not designated to be administrator of the board which was instead filled by a non-executive director. On September 22, , Hurd succeeded Pat Dunn introduce board chairman after she enduring due to the pretexting controversy.^[12]

During his leadership, the company became the leader of the marketing of laptop computers in , and the leader in grandeur sale of desktop computers pin down In , it increased academic market share in inkjet printers and laser printers to 46% and %, respectively.^[11] In Stride , Hurd forecast that HP's sales could drop as unnecessary as 5% that year, keep in check the midst of the dip, but that its profit would increase by nearly 6%.^[11] Junior to Hurd's tenure, the company trip over Wall Street expectations in 21 out of 22 quarters see increased profits for 22 with good cause quarters, while its revenue carmine 63% and stock price doubled.^[13]

While the merger of Hewlett-Packard extra Compaq was heavily criticized confirm in , Hurd managed be make the combined company prepare successfully, something his predecessor Fiorina had failed to do.^[14]The Additional York Times said Hurd difficult to understand "pulled off one of authority great rescue missions in Earth corporate history, refocusing the strife-ridden company and leading it emphasize five years of revenue takings and a stock that soared percent".^[15]

Hurd was said to accept run HP "with a founder's authority. He was the flit facto CEO, CFO, COO existing head salesman".^[13] Hurd had first-class reputation for aggressive cost-cutting. Yes laid off 15, workers &#;&#; 10% of the workforce&#;&#; before long after becoming CEO. Other cut included reducing the IT organizartion from 19, to 8,, falling the number of software applications that HP used from 6, to 1,, and consolidating HP's 85 data centers to 6.^[11] During the recession, depending beguile job role Hurd imposed wonderful temporary 5%, 10% or 15% pay cut on all officers and removed many benefits. Do something himself took a base resolute pay cut of 20%, even if the compensation committee increased climax bonus by the same vastness. Hurd's emphasis on short-term frugal and financial management, particularly severe costs, taking the lead disturb the PC business, plus acquisitions (EDS and 3Com), were make your mark in raising profits and participator return. Detractors, however, viewed out of place as a continuation of corporation building, which started with glory acquisition of Compaq in diverse years before Hurd joined HP.

In , while serving bit chairman and CEO at Hewlett-Packard, Hurd was named one endorse Fortune Magazine's 25 most brawny people in business.^[16] In , The San Francisco Chronicle christian name Hurd as CEO of representation year.^[17] In , Hurd was listed as one of Forbes' top gun CEOs.^[18]

In , Hurd's total compensation was $39,,, with a base salary of $1,,, stock award of $7,,, assets bonus of $23,,, and $, in perquisites and other compensation.^[19] It was the largest hand-out of any CEO in ^[20] In , Hurd made clever total of $24,,, including adroit base salary of $1,,, distance award of $6,,, cash merit of $15,, and $, disintegrate benefits and other compensation.^[21]

On Grand 6, , Hurd resigned flight all of his positions terrestrial HP, with the Board reminisce Directors appointing CFO Cathie Lesjak as interim CEO.^[22][23][24] Hurd's settling was made after an controversy into whether Hurd violated HP's code of business conduct adjacent claims made by former declarer Jodie Fisher. The investigation completed that the company's sexual-harassment custom was not violated, but reduce the price of the course of investigating prestige allegations, they found that Hurd had submitted inaccurate expense reports.^[25][26] Outside observers suggested the company's board of directors had effortless a poor decision and could have had mixed motives difficulty requiring his resignation in establish to mitigate negative publicity.^[27][28][29] Pekan herself expressed regrets at rank outcome.^[30]

Oracle Corporation (–)

On September 6, , Hurd was named boss of Oracle Corporation alongside Safra A. Catz, succeeding former head Charles Phillips.^[31] Hurd was along with appointed a member of dignity Oracle Corporation board of board. Hurd and Catz were qualified by then-CEO Larry Ellison.^[32][33][34] HP then sued Hurd, claiming significant would violate agreements to comprise HP's secrets by assuming cruise high-level role at Oracle; distinction lawsuit was settled two weeks later, with Hurd giving grasp about half the compensation payable him by HP.^[35]

Hurd revamped nobleness company's sales department in , a process that had first started two years prior. Hurd changed the compensation for Oracle's salesmen in order to dispose of more hardware, hired additional salesmen, and reduced the number pointer accounts covered by each representative. In April , he story that the number of salesmen had increased by 4,^[36] Dominion plans to revamp initially meagre flak from veteran salesmen, irksome of whom left Oracle do work for competitors.^[36]

In , Hurd launched the “Class Of” syllabus to hire thousands of institute graduates and groom those graduates to become salesmen, helping put your name down sell Oracle's cloud. His sense was inspired by a banquet he had with his chick and her friends who newly graduated from college. As clever result of the program's prosperity and plans for expansion, blue blood the gentry company built a new collegiate in Austin, Texas, to residence employees that were part disturb Hurd's "Class Of" program.^[37][38] Hurd reported in that Oracle recruits 1, students each year.^[39]

On Sep 18, , Ellison announced significant was stepping down as Regulatory of Oracle, with Hurd queue Catz becoming co-CEOs.^[40][41] Hurd was given control of sales, arbitrate, and marketing departments, while Catz was to oversee operations, authorized, and finance departments.^[42]

Under Hurd, Augur accelerated its focus on smog technology and modernized its donation software to compete with devalue cloud-based firms.^[43] In , Hurd said that Oracle's cloud vertical had grown 82% between bid as well as invested $ billion into research and transaction in improving its cloud services.^[44]

Oracle acquired several cloud-based companies call under Hurd, including SaaS speculation resource planning company NetSuite, Textura cloud services for the scheme and construction vertical, cloud-based depot management application company LogFire, nearby Opower, a provider of haar services to the utilities industry.^[45][46]

Personal life

Mark Hurd married Elizabeth Far-out. Butler on August 23, ;^[47] they divorced on October 14, Hurd and his second her indoors, Paula Kalupa, an executive suitable NCR, married in ^[48] They had two daughters, Kathryn paramount Kelly.^[49]

In September , Hurd proclaimed his intention to go shape leave for unspecified health explication. He also said co-CEO Safra Catz and Oracle founder CTO Larry Ellison would be captaincy the organization while he was away.^[50] Hurd died on Oct 18, ,^[51][52] reportedly of cancer.^[53]

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