Oracle CEO Mark Hurd to Take Leave to Focus on Health
- Ellison, Catz to take over his responsibilities during absence
- Software maker’s sales fall short of analyst projections
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Oracle Corp. said Chief Executive Officer Mark Hurd will take a leave of absence for health-related reasons. Founder Larry Ellison and Safra Catz, who shares the CEO role with Hurd, will assume Hurd’s responsibilities during his absence.
In a statement on Wednesday, the company didn’t specify what health issues Hurd is facing or say how long his leave would be. Hurd, 62, has served as CEO for five years and has spent a total of nine years at the world’s second-largest software maker, where his responsibilities have included managing the company’s sales organization, marketing and industry-specific software groups. Catz, 57, is a longtime Oracle executive who runs a range of departments including legal, finance and operations.