Oracle CEO Mark Hurd is taking a leave of absence for health reasons. Here’s what that means for the tech company.
Oracle was expected to report results for its fiscal first quarter on Thursday but released them a day early.said Mark Hurd, one of the software vendor's two CEOs, is taking a leave of absence for health reasons, nine years after joining the company from Hewlett-Packard. The stock dropped in extended trading after the announcement.
Larry Ellison, Oracle's founder and chief technology officer, will handle Hurd's responsibilities along with Safra Catz, the other CEO. The company didn't specify Hurd's health issue or say how long he would be gone and a spokesperson didn't immediately respond to a request for comment. "Though we all worked hard together to close the first quarter, I've decided that I need to spend time focused on my health," Hurd, 62, wrote in a message distributed to Oracle employees on Wednesday, according to aOracle released quarterly financial results at same time as it announced Hurd's departure.
"We originally planned to hold this call tomorrow," Catz told analysts on a conference call on Wednesday. "However, as Mark will be taking a leave of absence for a health-related reason, we felt it made sense to share all of our news at once.". Before that he spent 25 years at NCR Corp., where he ultimately became CEO. Hurd resigned from HP after allegations that he sexually harassed an independent consultant.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oracle CEO Mark Hurd to take leave on health groundsOracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking ...
Read more »
Oracle CEO Mark Hurd To Take Leave Of Absence For Health Reasons
Read more »
Oracle CEO Mark Hurd taking a medical leave of absenceOracle has announced that one of its top executives will take a leave of absence for health related reasons
Read more »
Oracle CEO Mark Hurd To Take Leave Of Absence For Health Reasons
Read more »
Oracle CEO Mark Hurd takes medical leave; first-quarter revenue missesOracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking ...
Read more »
Oracle tanks after CEO Mark Hurd takes indefinite medical leaveHurd led the company's rocky transition into cloud computing as he looked to compete with industry giants Amazon and Google.
Read more »