The tech arena across the world has been seeing profits and losses and they regularly fluctuate depending on the world economy. In an event of major losses, the industry has seen many an ex CEO returning to its drive their company back to profits. We here have a list of such CEOs who have come back to the respective company to boost performance.
N R Narayana Murthy
Infosys, the software giant from India, recently recalled its iconic leader N.R. Narayana Murthy to spearhead a rescue mission following the underperformance of the company. He headed Infosys as CEO for 11 years. In his comeback, he has assumed office as Executive Chairman.
Michael Dell resigned as CEO of Dell in 2004. Dell was once the largest computer systems provider in the world. Soon the company was lost severely to its rivals HP and Lenovo. Michael returned to his former position as CEO in 2007. After his comeback, Dell’s world wide PC market share fell by just 10.7 in 2012, compared with 15.9 percent fall in 2006.
Following a poor working relationship with Sculley, Steve Jobs left Apple and founded NeXT in 1985. In 1996, Apple announced that it would buy NeXT for $427 million. So Jobs returned back to the company he co-founded and became CEO. He remained in that position till his death. During his tenure, the company had grown in to be the most valuable company in the world.
Schultz started his own coffee shop in 1985 named ‘Il Giornale’. But 2 years later original Starbucks management sold its Starbucks retail unit to Schultz and Il Giornale for $3.8 million. By the time Schultz stepped down as chief executive of Starbucks in 2000, the coffee chain had become one pf the world’s most recognizable brands. After 8 years he had to fit into the CEO seat again as the company was struggling. Schultz coffee-chain recorded $13.3 billion in net revenues in 2012.
Lafley was awarded the CEO of the Year in 2006. He was the CEO of Procter & Gamble. Under his guidance, the company’s market capital doubled and it become one of the five most valuable companies in the US. He retired in 2010. He rejoined on May 23, 2013, amid severe economic crisis. P&G shares jumped 4 percent after his comeback.