HP’s Cador wins International Stevie® Award for”Best Turnaround Executive”

Published July 12th, 2007 - 10:10 GMT

HP’s Eric Cador, Senior Vice President, Personal Systems Group (PSG) in Europe, Middle East and Africa (EMEA) has won an International Stevie Award for “Best Turnaround Executive” in the 2007 International Business Awards.  The International Business Awards are the only global, all-encompassing business awards program honoring great performances in business.
Nicknamed the Stevie for the Greek word “crowned,” the award was presented to winners at a gala dinner on Tuesday, July 10 in the Munich Marriott Hotel in Munich, Germany.  Primary sponsor for the event was the German State of Bavaria.
Recipients of 98 International Stevie Award trophies were selected from more than 1,000 nominations received from companies and individuals in more than 30 countries.  There are more than 40 categories from Best Multinational Company and Best New Product to Best Corporate Social Responsibility Program and Best Executive.
Eric Cador won his Stevie Award for “Best Turnaround Executive” – a testament to Cador’s transformation of HP’s PSG in several areas – from employee satisfaction, to the profitability, to HP PSG brand perception. This transformation was crucial as the global HP reorganization began to take affect in EMEA in the beginning of 2006, and the need to revitalize and re-energize employees was critical in attaining success.
Cador’s quest for employee focus and accountability in the new organisation resulted in HP reclaiming the number 1 PC share position worldwide and in PSG achieving the best EMEA market share results since Q203. Eric’s mantra of “profitable growth” meant that these two outstanding achievements were accomplished not just profitably, but with record profitability for PSG.
This successful transformation strategy is supported in a new report commissioned by HP entitled “The Seven Habits of Ambitious Companies”. The report finds that it is not about what any one person in the organisation does; it is about developing a shared aspiration for excellence and translating this into a collective and orchestrated pattern of behavior of many people in the company. Truly ambitious companies focus on the future as much as they succeed in their present markets.
“We have a tremendous team at HP and industry recognition such as The International Business Awards is something all PSG employees should feel proud of,” said Eric Cador.  “I am honored to accept this on behalf of my coworkers – without them, none of these achievements would have been possible.”
“Entries to the IBAs grew 40% this year and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs.  “We congratulate all of the finalists and International Stevie Awards winners.”
Complete lists of International Stevie winners and other details are available at www.stevieawards.com/iba.

About HP
HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $97.1 billion for the four fiscal quarters ended April 30, 2007. More information about HP (NYSE: HPQ) is available at www.hp.com.
About HP Middle East
HP is the largest technology and solutions provider in the Middle East with 670 employees and subsidiaries in Dubai, Abu Dhabi, Riyadh, Khobar, Cairo, Ramallah, Oman and 2 service Joint Ventures in Kuwait and Bahrain servicing the GCC, Egypt and the Levant. HP has been present in the Middle East since 1968 and opened its first regional office in 1994. HP Middle East is the market leader for enterprise, small and medium business and consumer technology products and offers a large portfolio of solutions and services in various business domains.


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