The Palo Alto, Calif.-based firm last night announced its new CEO, quickly bringing to a close a search process that can often drag on for many months. And with HP undergoing a business unit revamp, board members were keen to get an experienced CEO on board.
As the appointment came as no surprise -- Hurd had been widely tipped to fill Fiorinas shoes -- the news was met with indifference by the markets, with HP's share price dipping slightly, by just 5 cents, to $21.73 in late morning trading.
In a conference call to introduce the new CEO this morning, HP board director Patricia Dunn praised Hurds direct, open style, which seems a polite way of saying that Hurd is set to shake things up and ruffle some feathers.
With that reputation in mind, analysts on the call were keen to know whether Hurd would be replicating the robust, results-driven style of management that characterized his time running NCRs Teradata business unit.