Hewlett-Packard has put a company outsider at its helm as the tech giant begins to steer its turnaround.

Mark Hurd will serve as HP's new CEO and president, replacing the ousted Carly Fiorina. 

A 25-year veteran and two-year CEO of NCR Corp., Hurd is best known for driving the company's Teradata division, which is now a 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," Dunn said in a statement. "Mark came to our attention because of his strong execution skills, his proven ability to lead top performing teams and his track record in driving shareholder value. He demonstrated these skills by turning around NCR, which, while smaller than HP, is a complex organization with multiple business segments."

Hurd, 48, 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 CFO since 1984 and was named interim CEO in February. Wayman will remain CFO and continue to serve as a member of HP's board.

By: DocMemory
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