Oracle Co-CEO Mark Hurd is taking a leave of absence from the company for health reasons, the company announced today. The software vendor, which is preparing to hold its annual user conference next week in San Francisco, also released its first fiscal quarter earnings a day earlier than expected.
Hurd was hired by Oracle as president in 2010 after he was fired as CEO of Hewlett-Packard following allegations that he sexually harassed a consultant. Oracle founder and CTO Larry Ellison came to Hurd’s defense after HP’s board dismissed him and hired him as president at Oracle a month later.
Hurd began his career at NCR Corp. and stayed there for 25 years before he joined HP for five years. He has been at Oracle since 2010, and was named co-CEO alongside Safra Catz when Ellison resigned from the position in 2014.
Oracle declined to disclose Hurd’s health issue or say how long it expects him to be on leave. He will continue to receive benefits during his leave, according to a regulatory filing.
“Though we all worked hard together to close the first quarter, I’ve decided that I need to spend time focused on my health,” the 62-year-old executive wrote in a statement that was also shared with Oracle employees. “As you all know, [Ellison, Catz], 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 plans we will showcase at the upcoming OpenWorld. I love Oracle and wish you all success during my absence.”
No Timeline for Hurd’s ReturnHurd requested a medical leave of absence to “address some health related issues and we all wish him a speedy recovery,” Ellison wrote in a statement. He and Catz will cover Hurd’s responsibilities during his absence.
“Mark was extremely engaged with the business through the end of our just completed Q1, but now Mark needs to focus on his health,” Catz said in a statement. “We will miss him at our OpenWorld conference next week, but we understand that he needs to rest and take care of himself.”
Oracle reported net income of $2.1 billion on $9.2 billion in total revenue. Nearly 74%, or $6.8 billion, of Oracle’s revenue was attributed to cloud services and license support. Cloud license and on-premise licenses revenues hit $812 million during the quarter.
The leadership change at Oracle may seem like deja vu to some industry observers. Thomas Kurian, the company’s top cloud executive, announced that he would be taking “extended time off” just weeks before OpenWorld in 2018 over a reported falling out with Ellison over the direction of the cloud business. Kurian resigned from the company a few weeks later and was hired as Google Cloud CEO less than two months after that.
Oracle’s No. 2 cloud executive Amit Zavery also jumped ship from the company in March to join Google, a few weeks before Oracle axed hundreds (and potentially thousands) of jobs amid its ongoing efforts to refocus the company around its struggling cloud business.
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