Hewlett-Packard CEO Mark Hurd received $42.5 million in 2008

Hewlett-Packard Co., the world's largest personal-computer maker, valued Chief Executive Mark Hurd's pay last year at $42.5 million, including bonuses from previous years.

Hurd received $1.5 million in salary, a $5.3-million bonus, $12.9 million in stock awards and $18.6 million in non-stock incentive plan compensation, the Palo Alto company said Tuesday in a regulatory filing. He also received $4.2 million in option awards, pension payments and expenses.

Since taking over in April 2005, Hurd, 52, has helped HP retake the PC lead from Dell Inc. and increase sales to more than $100 billion.

HP is now the biggest provider of information technology products, such as servers, storage devices, services and software.