Mark Hurd dead: Oracle CEO dies at 62

Joanna Estrada
October 19, 2019

Oracle president Mark Hurd looks on as Oracle CEO Larry Ellison delivers a keynote address during the 2010 Oracle Open World conference on September 19, 2010 in San Francisco, California.

Hurd and his wife Paul gave a lead gift in November 2018 to launch the public phase of the $1.1 billion Give Light campaign. An investigation by the company's outside legal counsel and its General Counsel's Office determined there was no violation of HP's sexual harassment policy, but did find violations of its Standards of Business Conduct. HP's stock price more than doubled during Hurd's five-year stint as CEO, adding about $50 billion to the company's market value.

Catz along with founder and Chief Technology Officer Larry Ellison took over Hurd's responsibilities during his absence.

Hurd's tenure at HP also coincided with an infamous spying scandal. This led to the departure of its chairwoman and settlements with the state of California and journalists.

At Oracle, Hurd hired four thousand salespeople, according to a biography on his personal website, and pushed for cloud-computing investments.

Hurd and Catz were named co-CEOs in 2014, after Ellison chose to step aside to focus on his role as chief technology officer.

Last month, the company announced that he would be taking a leave of absence for health reasons.

"Mark was my close and irreplaceable friend, and trusted colleague", Ellison wrote in an email to Oracle employees.

Wedbush Securities analyst Steve Koenig said he does not see any changes in how the company will be run after Hurd's demise.

He grew up in NY and moved to Miami for high school.

He was born in New York City in 1957, and grew up on the Upper East Side before graduating from Baylor University on a tennis scholarship in 1979. He is survived by his wife Paula and two daughters.

Other reports by Click Lancashire

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