- After about five years in the position
- Praise, words of regret and good wishes for Hurd
- Responsibilities redistributed
- Hurd said 99 words
(exechange) — Redwood Shores, California, September 11, 2019 — Mark Hurd, co-chief executive of Oracle, takes a medical leave of absence. As announced by Oracle Corp. in a news release and in a regulatory filing published on Wednesday, September 11, 2019, Mark V. Hurd leaves his post as Co-Chief Executive Officer at the software company after about five years in the role, effective immediately.
Following Mark Hurd’s departure, the position of Co-Chief Executive Officer will not be filled for the time being. Mark Hurd’s responsibilities are being redistributed.
Oracle said: “On September 11, 2019, Mark V. Hurd, Chief Executive Officer and Director of Oracle, commenced a leave of absence to focus on his health.”
“Leave of absence for health related reasons”
Oracle said: “Mark V. Hurd, Chief Executive Officer of Oracle, will take a leave of absence for health related reasons.”
Share price increase since September 2014
The announcement follows an increase in Oracle Corporation’s share price of 42% since September 2014.
In the position of Co-CEO since 2014
Mark Hurd became Co-CEO of the Company in September 2014.
He served as the Company’s President from September 2010 to September 2014.
Prior to joining the Company, he served as Chairman of the Board of Directors of Hewlett-Packard Company from September 2006 to August 2010 and as CEO, President and a member of the Board of Directors of Hewlett-Packard Company from April 2005 to August 2010.
Push-out Score not determined
When the reason for the departure is health-related, a Push-out Score™ is not determined.
Read the full story in the exechange report 37.2019 ($).