Mark Hurd a 62-year-old man who was leading until last month as one of two CEOs leading the database software giant Oracle, Early this morining has passed away.
A month Earlier he told to his employees in a letter that he was taking a leave of absence owing to health reasons.
Today this morning Staffers notified that Hurd died he also added he has been offering their condolences on Twitter.
History of Mark Hurd
Mark Hurd joined the Oracle company nine years ago, Before that, he was spent his five years with Hewlett-Packard, where he was CEO president, Plus ultimately board chairman all roles from which he was pressured to resign in 2010.
Hurd attended Baylor University in Waco, Texas on a tennis scholarship and reportedly dabbled on the professional tennis circuit immediately after graduating. He began his career at NCR Corp.
Where he was promoted to chief operating officer 22 years into his tenure with the company, and to the role of CEO the following year, in 2003.
Two years later, H-P brought him aboard, Hurd is survived by his wife, Paula, and daughters Kathryn and Kelly.
The reason behind resign was he submitted inaccurate expense reports that concealed his personal relationship with an outside consultant to the company.
Long-time ago, Allen Lind, she is a professor of leadership at Duke’s Fuqua School of Business said to Time Magazine.
“People don’t like their leaders to have frailties. That’s just the way it works.”
After reading that the very next month, The company that Larry Ellison founded in summer 1977 made an announcement to one of his best friend Hurd is the co-president of Oracle company.
She also added that “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.”
After that When Ellison stepped down as the CEO of Oracle in 2014 in order to become the company chief technology officer instead he promoted Hurd to the role of CEO a role he had since shared with Oracles’s former CFO, Safra Catz.
In 1999 Catz has been an executive with Oracle after the resentment of Hurd when he left last month Catz has now stepped down as the new CEO of Oracle and Ellen has also said that she won’t be operating the company single-handedly for long amount of time.
New Plans of Oracle
Oracle Plans to keep its dual-CEO structure, In part owing to situations as with Hurd where life throws an executive team a curveball.
Ellison has already promised the board of directors the names of numerous internal candidates According to the Business Insider.
Their name was included as the internal candidates including Don Johnson the executive vice president of Oracle Cloud Infrastructure.
“I believe in a dual-CEO structure. The normal case would be dual CEO here for obvious reasons. That it’s good to have the capacity and good to have specialization. And then, God forbid, if something untoward should happen, you have capacity; you are not incapacitated.” At Oracle OpenWorld event in San Francisco last month The Ellison said that.
Ellison Statement about the development
It is with a profound sense of sadness and loss that I tell everyone here at Oracle that Mark Hurd passed away early this morning, Mark was my close and irreplaceable friend and trusted colleague.
Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle; All of us will miss Mark’s keen mind and rare ability to analyze, simplify and solve problems quickly.
Some of us will miss his friendship and mentorship. I will miss his kindness and sense of humor, Mark leaves his beloved wife Paula, two wonderful daughters who were the joy of his life, and his much larger extended family here at Oracle who came to love him.
I know that many of us are inconsolable right now, but we are left with memories and a sense of gratitude…that we had the opportunity to get to know Mark, the opportunity to work with him…and become his friend.