*NEWS*HP’s CEO NAMED #1 BY BUSINESSWEEK

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*NEWS*HP’s CEO NAMED #1 BY BUSINESSWEEK

 user 2008-01-04 at 12:33:00 pm Views: 61
  • #19344

    Hurd named No.1 by BusinessWeek
    Mark Hurd, the CEO credited with turning around the fortunes of the world’s largest technology company, has been voted 2007 Businessperson of the Year by readers of BusinessWeek.Hurd, 50, has reinvigorated Hewlett-Packard since he took over as chairman of the board in 2006. BusinessWeek praised the former head of NCR for showing “remarkable skill” in navigating the intensely competitive and complex computer business.“But what is even more remarkable has been his ability to position the world’s largest computer company for growth by selling high-tech gear to both consumers and corporations,” wrote the magazine’s Louise Lee.“Very few high-tech companies can manage the delicate balancing act required to execute flawlessly in both markets.”For the fiscal year ended 31 October, sales rose 13.7 percent, to $104.3 billion, and earnings jumped 17 percent, to $7.3 billion.