Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking ...
) said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
Catz and Oracle founder and Chief Technology Officer Larry Ellison will cover Hurd’s responsibilities during his absence, the company statement said. Hurd was named Oracle co-president in September 2010, a month after he was ousted in a controversial fashion from Hewlett-Packard Co, where he had been chief executive since 2005.
“Mark Hurd is a talented executive, but I don’t think Oracle will act differently,” Wedbush Securities analyst Steve Koenig said.
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