Oracle CEO Mark Hurd Passes Away

oracle ceo mark hurd passes away

The former co-chief of the giant database software Oracle Mark Hurd has died at the age of 62. He has been on leave of absence since last month due to health-related issues. Safra Catz and Mark Hurd were appointed as co-CEOs of the company. After Hurd took over the charge on September 2014, Oracle stock had increased by 37 percent. Safra was taking care of the day-to-day operations in his absence. Oracle Chairman Larry Ellison notified the employees that Mark Hurd had died in the wee hours of the morning. The company has denied providing any official statement regarding Mark Hurd’s death.

Mark Hurd’s tenure was not untouched by the controversies. Hurd took over the reins as CEO at Hewlett-Packard in 2005. His career was marred when the company’s media leaked investigation spiraled into a major controversy in 2006. In 2010, HP announced his resignation amid a sexual harassment claim against him. The company’s shares tumbled to 8 percent owing to the controversies. HP also accused him of a falsified expense report. The company claimed that Hurd has reported an inaccurate expense report to keep a personal relationship under the wraps. However, Mark denied the allegation but the scandals ultimately forced him out and led him to a new role at Oracle.

Mark Hurd’s death has come as a major setback for Oracle. Oracle is going through a transition from a traditional enterprise product to cloud computing. It is struggling hard to retain its position in the market. The company is also facing huge competition from Amazon and Google. Recently, The Pentagon accused Oracle of using poorly informed and manipulative speculations in a dispute over 10 billion dollars. The federal court has ruled against Oracle to stop the bid process. Before his appointment as CEO of HP and Oracle, Hurd was CEO of the NCR, which makes ATMs and other business devices. He did his graduation from Baylor University on a Tennis Scholarship. Mark Hurd is survived by his two daughters and wife.