Oracle Says Co-CEO Mark Hurd Has Died

Date : 10/18/2019 @ 4:56PM
Source : Dow Jones News
Stock : Oracle Corp (ORCL)
Quote : 56.43  -0.06 (-0.11%) @ 1:00AM
After Hours
Last Trade
Last $ 56.43 ◊ 0.00 (0.00%)

Oracle Says Co-CEO Mark Hurd Has Died

Oracle (NYSE:ORCL)
Historical Stock Chart

1 Month : From Oct 2019 to Nov 2019

Click Here for more Oracle Charts.
By Robert Wall 

Oracle Corp. said Mark Hurd, one of its two chief executives officers, has died.

Oracle said last month that Mr. Hurd, 62, was taking a medical leave of absence, removing the technology giant's top executive for sales and strategy at a time of intensifying competition in the business-software market.

Oracle didn't immediately mention the cause of death and hadn't said what specific issues the CEO was facing when he took leave.

Oracle Chairman Larry Ellison said "Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle."

The death means Safra Catz is Oracle's sole CEO.

Since September 2014 Oracle has had an unusual leadership structure in which Mr. Hurd and Ms. Catz share the CEO title, while Mr. Ellison is chairman and technology chief.

Write to Robert Wall at robert.wall@wsj.com

 

(END) Dow Jones Newswires

October 18, 2019 12:41 ET (16:41 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest ORCL Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.