UPDATE 4-Oracle co-CEO Mark Hurd dies at 62 [Reuters]
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Source: Reuters
Oracle co-CEO Mark Hurd dies at 62 - Reuters 3 Min Read (Reuters) - Oracle Corp’s ( ORCL.N ) 62-year-old co-chief Mark Hurd died on Friday morning, the company said, an unexpected development that raises pressure on co-CEO Safra Catz to lead the business software maker’s ongoing transition to cloud computing. Last month, Hurd went on a medical leave for unspecified health reasons, while Catz and founder Larry Ellison took over his responsibilities during the absence. The company has not given details about the cause of death. “Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle,” Ellison wrote in an email to company employees. Hurd and Catz were named co-CEOs in 2014, after Ellison decided to step aside to focus on his role as chief technology officer. Under their tenure, Oracle has been aggressively pushing into cloud computing to make up for a late entry into the fast-growing business dominated by Microsoft C
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