Mark Hurd Cancer: Larry Ellison announced that Safra Catz will undertake the role of co-CEO of Oracle going forward, following the untimely death of Mark Hurd in October. Larry Ellison stated that Safra Catz would continue to lead Oracle on her own after Mark Hurd, her co-CEO, passed away in October.
The software giant made headlines alongside its second-quarter financial results, which revealed a 1% decline in profits and a 1% increase in revenues.
Oracle co-founder and chairman Ellison was quoted by Computing as saying, “We have no plans to hire a second CEO; this was an unusual circumstance.” Mark and Safra were a fantastic duo, but we have full faith in our current staff.
John Mark Cancer
This affirms the former HP CEO’s decision to take a leave of absence from Oracle to deal with undisclosed health issues, as he had previously stated.
Hurd wrote to Oracle employees in September, “Although we all worked hard together to close the first quarter, I’ve decided that I need to focus on my health.” “At my request, the Board of Directors has granted me a medical leave of absence.”
Then, Hurd expressed his fondness for Oracle and wished for the company’s continued success as he prepared to depart. Mark Hurd and Safra Catz served as co-CEOs of Oracle.
After Larry Ellison, co-founder of Oracle, stepped down as CEO in 2014 to concentrate on his roles as Executive Chairman of the Board and Chief Technology Officer (CTO), the two managed the company for the next five years.
BREAKING: Oracle, in an internal email, says co-CEO Mark Hurd has died – Reutershttps://t.co/jn8limUSe7
— CNBC Now (@CNBCnow) October 18, 2019
Five weeks after resigning, on October 18, 2019, at the age of 62, Mark Hurd succumbed to cancer, which had been kept a secret for several months. Larry Ellison revealed the news on Mark Hurd’s personal website.
Hurd was outlived by Paula, his wife, and their two children.
Former Director of HP
In the technological community, Hurd is a household name. He served as CEO of Hewlett-Packard Co. from 2005 to 2010. However, Hurd joined Oracle in 2010 at a low juncture in his life, when Ellison hired him a month after he had resigned as CEO of HP due to allegations of sexual harassment.
Hurd was never formally accused of any wrongdoing; however, the HP board of directors determined that his falsified expense records violated company policy. During his five years at HP, Hurd was praised for stabilizing the company’s finances, but criticized for relying too heavily on cost-cutting to accomplish his goals.
Ellison swiftly recruited Hurd as Oracle’s president, and he harshly criticized the HP board, comparing their decision to fire Hurd to Apple’s dismissal of founder Steve Jobs in the mid-1980s.
Frequently Asked Concerning Mark Hurd’s Demise:
What was Mark Hurd’s date of death?
A1: Mark Hurd died on October 18, 2019, Friday.
Did Mark Hurd pass away from cancer?
A2: He did, indeed.
What form of cancer ultimately claimed his life?
A3: The specific form of cancer is currently unknown.
What are Mark Hurd’s daughters’ full names?
His daughters’ names are Kathryn and Kelly, per A4.
Mark Hurd was not a member of Phi Delta Theta?
Certainly, he was.
When did Mark assume the role of Oracle Corporation president?
He was inaugurated as president on September 6, 2010.
In 2019, what was Mark Hurd’s net worth?
A7: Mark Hurd’s approximated 2019 net worth was $150 million.