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Oracle co-CEO Hurd Taking Medical Leave From Company

By Sarah E. Needleman 

Oracle Corp. said one of its chief executives, Mark Hurd, will take a medical leave from the company, leaving Safra Catz as sole CEO at the business-software giant.

Mr. Hurd said in a note to employees that he requested the move to address health issues.

"As you all know, Larry [Ellison], Safra and I have worked together as a strong team, and I have great confidence that they and the entire executive management team will do a terrific job executing the exciting plans we will showcase at the upcoming OpenWorld," Mr. Hurd said in a statement.

The news about Mr. Hurd's leave came as the company also released its first-quarter financial report.

Write to Sarah E. Needleman at sarah.needleman@wsj.com

 

(END) Dow Jones Newswires

September 11, 2019 16:57 ET (20:57 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.