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Age : 61
Public asset : 44,780,938 USD
Linked companies :
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Oracle co-CEO Hurd Taking Medical Leave From Company

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09/11/2019 | 04:58pm EDT

By Sarah E. Needleman

Oracle Corp. said one of its chief executives, Mark Hurd, will take a medical leave from the company, leaving Safra Catz as sole CEO at the business-software giant.

Mr. Hurd said in a note to employees that he requested the move to address health issues.

"As you all know, Larry [Ellison], Safra and I have worked together as a strong team, and I have great confidence that they and the entire executive management team will do a terrific job executing the exciting plans we will showcase at the upcoming OpenWorld," Mr. Hurd said in a statement.

The news about Mr. Hurd's leave came as the company also released its first-quarter financial report.

Write to Sarah E. Needleman at sarah.needleman@wsj.com

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LINE CORPORATION 0.00% 5370 End-of-day quote.0.37%
ORACLE CORPORATION -1.68% 59.8 Delayed Quote.14.80%
SHOWCASE INC. -1.35% 1100 End-of-day quote.54.28%
TEAM, INC. -0.50% 6.0129 Delayed Quote.-62.24%
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