Mark Hurd to replace NCR CEO Lars Nyberg

Lars Nyberg, CEO of NCR Corp., has resigned to address family matters, the company said in a statement yesterday.

Effective March 14, Nyberg will be replaced by President Mark Hurd, although Nyberg will continue in the role of nonexecutive chairman of the NCR board, the Dayton, Ohio-based company said.

Nyberg, 51, has been with NCR since 1995 and directed it through its spin-off from AT&T Corp. in 1996 and its return to profitability, the company said.

"There is still much to do," Nyberg said in the statement. "And I regret having to leave the CEO position before my work is finished."

Hurd, 46, joined NCR in 1980, took over management of the company's Teradata data warehousing business in 1999 and was named president in 2001, according to NCR. He gained the additonal title of chief operating officer in September.

"NCR has refocused on global businesses where the company can build and sustain market leadership positions," Hurd said in the statement. "With that direction in place throughout the organization, NCR is on a path to deliver on its potential for operational excellence and value creation."

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