Lars Nyberg has resigned as chief executive officer of NCR for personal family reasons. He will be replaced in the top chair by NCR president Mark Hurd.
Nyberg, 51, has served with NCR since 1995 and directed the company through its 1996 spin-off from AT&T Corporation and return to profitability. He will continue in the role of non-executive chairman of the NCR board.
Hurd, 46, started his career at NCR in 1980, took over management of the company’s Teradata data warehousing business in 1999, was named NCR president in 2001 and added the NCR chief operating officer (COO) title in September 2002.