Oracle CEO And Industry Luminary Hurd Dead At 62
Mark Hurd, who served as chief executive of three US tech giants including most recently at software-giant Oracle, died on Friday, aged 62.
Hurd – who has run some of the biggest tech companies in the world, including Hewlett-Packard, NCR and ultimately Oracle – was known for being a strong-willed leader who helped revive the fortunes of both Hewlett Packard and Oracle, where he was CEO over the last decade.
Hurd, pictured, cut his management teeth in the sales and marketing ranks at NCR. He was named president in 2001 and CEO two years later when NCR was struggling, posting a loss of $220 million.
There he quickly moved to expand NCR’s reach and cut costs, including firing employees, some who had spent their entire career with the company.
He left to lead much larger H-P in 2005 after the company fired celebrated CEO Carly Fiorina. Four months after Hurd joined H-P, he reorganised the company and pledged to axe 10 percent of its global workforce.
Under Hurd, H-P overtook Dell as the world’s largest maker of PCs in 2006 by units. H-P also passed IBM to become, at the time, the world’s largest technology company by revenue.
But Hurd was out the door as CEO in 2010, amid claims of misconduct. The board found Hurd didn’t violate company’s policy regarding sexual harassment, but he had breached company standards by submitting inaccurate expense reports to conceal the relationship.
He quickly re-emerged at database giant Oracle, hired by the company’s co-founder Larry Ellison as co-president in 2010.
At the weekend Ellison, in a note announcing Hurd’s death, called him a “close and irreplaceable friend. “Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle,” Ellison said.
When Ellison became executive chairman at Oracle, Hurd became co-CEO in 2014 alongside Safra Catz. His death leaves Catz as Oracle’s sole CEO.