Former Oracle co-CEO Mark Hurd has passed away

TechCrunch | 10/18/2019 | Staff
normanorma (Posted by) Level 4
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Mark Hurd, who until last month, was one of two CEOs leading the database software giant Oracle, has passed away at age 62, one month after telling employees in a letter that he was taking a leave of absence owing to health reasons.

Staffers, who were notified that Hurd died earlier this morning, have been offering their condolences on Twitter.

Hurd - Oracle - Years - Years - Hewlett-Packard

Hurd had joined Oracle nine years ago, after spending five years with Hewlett-Packard, where he was CEO, president and, ultimately, board chairman, all roles from which he was pressured to resign in 2010 after submitting inaccurate expense reports that concealed his personal relationship with an outside consultant to the company.

At the time, Allen Lind, a professor of leadership at Duke’s Fuqua School of Business, told Time magazine: “People don’t like their leaders to have frailties. That’s just the way it works.”

Month - Larry - Ellison - Friend - Hurd

The very next month, Larry Ellison, a friend of Hurd, named him the co-president of Oracle, the company Ellison had himself founded in the summer of 1977. Said then-CEO Ellison in a statement relating to the move, “Mark did a brilliant job at H-P, and I expect he’ll do even better at Oracle. There is no executive in the I.T. world with more relevant experience than Mark.”

Indeed, when Ellison stepped down as the CEO of Oracle in 2014 to become the company’s chief technology officer instead, he promoted Hurd to the role of CEO, a role he had since shared with Oracle’s former CFO, Safra Catz.

Hurd - Month - Catz - Executive - Oracle

When Hurd left last month, Catz, who has been an executive with Oracle since 1999, became the sole CEO of Oracle, though Ellison has indicated that she won’t be operating the company single-handedly for long. Instead, he told analysts last month that though some people find it “weird,” Oracle plans to keep its dual-CEO structure, in part...
(Excerpt) Read more at: TechCrunch
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