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Mark Hurd, co-CEO of Oracle, dies at the age of 62 after illness



Mark Hurd, co-head of Oracle, until he stepped aside for health reasons last month, died Friday. He was 62 years old.

The company confirmed Hurd's death to CNBC, but declined to make a statement. In an e-mail received from CNBC, Oracle chairman Larry Ellison informed employees that Hurd had died early in the morning.

"Oracle has lost a brilliant and beloved leader who touched the lives of so many of us personally during his decade at Oracle." Ellison wrote. "We will all miss Mark's astute mind and rare ability to quickly analyze, simplify, and solve problems, and some of us will miss his friendship and mentoring, and I will miss his friendliness and sense of humor."

Hurd announced a vacation "Although we all worked very hard to complete the first quarter, I decided that I needed to focus on my health," Hurd said in the announcement. I love Oracle and wish you success during my absence.

He and Safra Catz were appointed Oracle CEOs in September 201

4. Since then, Oracle's stock has risen by approximately 37%.

Hurd served as Hewlett-Packard's CEO from 2005 to 2010, with his share price more than doubled, but his tenure was not free of controversy.

First, in 2006, there was a "pretext" scandal over attempts to determine who passed on information to the media at HP External investigators who pretended to be the people They researched the last four digits of board members 'and news reporters' phone numbers to call telephone operators for details on their telephone calls.

"Although there were many of the correct processes, they unfortunately collapsed and nobody came in. The management chain, including I heard it, "Hurd said in a teleconference with reporters, board members left, federal authorities began investigations and Hurd said before a congressional committee. HP agreed to pay $ 14.5 million in a settlement with the California Attorney General.

In 2010, HP's share prices fell 8% after the technology company announced its resignation on a sexual harassment case. HP concluded that while Hurd had not breached the company's sexual harassment policy, it did not comply.

In a letter to Hurd, attorney Gloria Allred described his meetings with Oracle contractor Jodie Fisher in various cities and said he had done so by making unwanted progress for her clients. Hurd's expense report included meals with his security guard Denis Lynch, but meals were with Fisher, and over time most HP board members felt they had lost confidence in him, the Wall Street Journal reported. Hurd teamed up with Fisher, who once modeled Playboy Magazine.

Ellison, then CEO of Oracle, quickly came to Hurd's defense. The two were good friends, and Hurd had often played tennis at Ellison in Silicon Valley, according to the New York Times. After Hurd's resignation, Ellison criticized the HP board in a letter to the newspaper, saying it had "just made the worst staffing decision since the idiots on the Apple board dismissed Steve Jobs many years ago."

Within a month, Hurd had a new job as president of Ellison's company alongside Catz.

"Mark did a brilliant job at HP and I expect to do even better with Oracle," Ellison said in a statement at the time. "In the IT world, there is no manager with more relevant experience than Mark.The future of Oracle is to develop complete and integrated hardware and software systems for the company.Mark has pioneered the integration of hardware into software, as Teradata part from NCR. "

] Four years later, Hurd and Catz were named CEO of Oracle and Ellison appointed Chief Technology Officer. The company did not consider them co-CEOs.

When the company announced Hurd's holiday, it said that Catz and Ellison Hurds would take responsibility.

Mark Vincent Hurd was born in New York on January 1, 1957. According to the Financial Times, the father was a financier and the mother a daughter of a doctor. Hurd spent his childhood in New York and Miami. He started playing tennis in high school.

He was admitted to Baylor University in Waco, Texas, on a tennis scholarship and played in the Christian School's tennis team.

Hurd graduated in 1979 with a bachelor's degree in business administration.

In 1980, as a junior salesman in San Antonio, he joined the company NCR for ATMs and cash registers. In 1990, he married his wife Paula, who was an executive at NCR. In 2003 he was appointed CEO. Two years later, he moved to Silicon Valley as the new CEO of HP.

As president of Oracle, he was considered a candidate for the position of CEO of Microsoft, the Wall Street Journal reported.

] At the time of his leave of absence at Oracle, he sat on the Board of Regents of Baylor. The Hurds have given money to Baylor and the university is planning a welcome center with their names.

The survivors include his wife and daughters Kathryn and Kelly. With a deep sense of sadness and loss, I tell everyone here at Oracle that Mark Hurd died this morning. Mark was my close and irreplaceable friend and trustworthy colleague. Oracle has lost a brilliant and beloved leader who, during his decade at Oracle, personally touched the lives of so many of us. We all will miss Mark's sharp mind and rare ability to quickly analyze, simplify, and solve problems. Some of us will miss his friendship and mentoring. I will miss his friendliness and sense of humor. Mark leaves his beloved wife Paula, two wonderful daughters, who were the joy of his life, and his much larger family here at Oracle, who has learned to love him. I know that many of us are currently heartbroken, but we have memories and a sense of gratitude … that we had the opportunity to meet Mark, the opportunity to work with him … and become his friend.

– Will fire from CNBC has contributed to this report.

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