Oracle CEO Mark Hurd announces leave of absence, stock drops
Mark Hurd, CEO of Oracle.shares fell as much as 5% on Wednesday after the company said that co-CEO Mark Hurd is taking a leave of absence for health reasons. The company also reported earnings one day earlier than expected.
Larry Ellison, founder and chief technology officer of Oracle, will handle Hurd's responsibilities along with Oracle's other co-CEO, Safra Catz. "Though we all worked hard together to close the first quarter, I've decided that I need to spend time focused on my health. At my request, the Board of Directors has granted me a medical leave of absence," Hurd was quoted as saying in a.
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