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HP Names Mark Hurd as CEO and President
17:41:40 - 29 March 2005
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HP (www.hp.com) today announced that its board of directors has named Mark Hurd to serve as the company's chief executive officer and president.

Hurd, 48, has served since March 2003 as president and chief executive officer of NCR Corp., where he has spent his 25-year career in a range of general management, operations and sales and marketing positions.

rior to his current responsibilities, he was NCR's president and chief operating officer, responsible for driving the performance of the company's five business units. Previously, Hurd served three years as president and chief operating officer of the company's Teradata division, which he built to be a global leader in enterprise data warehousing, analytic applications and data warehousing services.
Patricia Dunn, HP's non-executive chairman, said that the HP board unanimously selected Hurd based on his track record leading a complex organization, as well as his strong executive and personal qualities.

"Our search for a new leader to return HP to sustained success has been focused and thorough," said Dunn.

Hurd said, "HP is one of the world's great companies, with a proud history of innovation, outstanding talent and enviable positions in many of its product lines and services. It's a great honor to join its leadership team and have the opportunity to build on its success."

Hurd will take up his new duties on April 1 and join HP's board. He succeeds Robert Wayman, a 36-year company veteran who has been chief financial officer since 1984 and was named interim chief executive officer in February 2005. Wayman, 59, will remain CFO and continue to serve as a member of HP's board.

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