Age, Biography and Wiki

Mark Hurd is an American businessman who is the former CEO of Oracle Corporation. He was born on January 1, 1957 in Manhattan, New York. He attended Baylor University, where he earned a Bachelor of Business Administration degree in 1979. Hurd began his career at NCR Corporation in 1980, where he worked for 25 years, eventually becoming the company's president and chief executive officer in 2003. In 2010, he was appointed CEO of Oracle Corporation, where he served until his resignation in 2014. Hurd is a member of the board of directors of Oracle Corporation, Hewlett Packard Enterprise, and the National Football Foundation. He is also a member of the board of trustees of Baylor University. As of 2021, Mark Hurd's net worth is estimated to be $100 million.

Popular As Mark Vincent Hurd
Occupation Co-CEO of Oracle Corporation
Age 62 years old
Zodiac Sign Capricorn
Born 1 January 1957
Birthday 1 January
Birthplace Manhattan, New York, U.S.
Date of death October 18, 2019
Died Place N/A
Nationality United States

We recommend you to check the complete list of Famous People born on 1 January. He is a member of famous with the age 62 years old group.

Mark Hurd Height, Weight & Measurements

At 62 years old, Mark Hurd height not available right now. We will update Mark Hurd's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Who Is Mark Hurd's Wife?

His wife is Paula Hurd

Family
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Wife Paula Hurd
Sibling Not Available
Children Kathryn Hurd, Kelly Hurd

Mark Hurd Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Mark Hurd worth at the age of 62 years old? Mark Hurd’s income source is mostly from being a successful . He is from United States. We have estimated Mark Hurd's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

2019

In September 2019, Hurd announced his intention to go on leave for health reasons that were not specified. He also stated that in his absence his Co-CEO Safra Catz and Oracle founder CTO Larry Ellison would be managing the organization while he was away. Hurd died on October 18, 2019.

2016

Under Hurd, Oracle accelerated its focus on cloud technology and modernized its legacy software to compete with smaller cloud-based firms. In 2016, Hurd claimed that Oracle's cloud business had grown 82% between 2015 and 2016 as well as invested $5.1 billion into research and development in improving its cloud services.

Oracle acquired several cloud-based companies in 2016 under Hurd, including SaaS enterprise resource planning company NetSuite, Textura cloud services for the engineering and construction vertical, cloud-based warehouse management application company LogFire, and Opower, a provider of cloud services to the utilities industry.

2014

Hurd was said to have run HP "with a founder's authority. He was the de facto CEO, CFO, COO and head salesman". Hurd had a reputation for aggressive cost-cutting. He laid off 15,200 workers  — 10% of the workforce — shortly after becoming CEO. Other cost-cutting includes reducing the IT department from 19,000 to 8,000, reducing the number of software applications that HP uses from 6,000 to 1,500, and consolidating HP's 85 data centers to 6. During the 2009 recession, Hurd imposed a temporary 5% pay cut on all employees and removed many benefits. He himself took a base salary pay cut of 20%, although the compensation committee increased his bonus by the same amount. Hurd's emphasis on short-term results and financial management (particularly cutting costs), taking the lead in the PC business, plus acquisitions (EDS and 3Com), were successful in raising profits and shareholder return. Detractors, however, viewed it as a continuation of empire building, which started with the acquisition of Compaq in 2002 several years before Hurd joined HP.

On September 18, 2014, Ellison announced he was stepping down as CEO of Oracle, with Hurd and Catz both becoming CEOs. Hurd was given control of sales, service and marketing departments, while Catz would oversee operations, legal and finance departments.

2013

Hurd revamped the company's salesforce in 2013, a process that had initially started two years prior. Hurd changed the compensation for Oracle's sales representatives in order to sell more hardware, hired additional sales representatives, and reduced the number of accounts covered by each salesperson. He reported the sales force increased by 4,000 in April 2013. His plans to revamp initially faced flak from veteran sales representatives, some of whom left Oracle to work for competitors. In the same year Hurd launched the “Class Of” program to hire thousands of college graduates and groom those graduates to become sales representatives, helping to sell Oracle's cloud. His idea was inspired by a dinner he had with his daughter and her friends who recently graduated from college. As a result of the program's success and plans for expansion, the company built a new campus in Austin, Texas, to house employees that were part of Hurd's "Class Of" program. Hurd reported in 2015 that Oracle recruits 1,300 students a year.

2010

On August 6, 2010, Hurd resigned from all of his positions at HP, with the Board of Directors appointing CFO Cathie Lesjak as interim CEO. Hurd's decision was made after an investigation into whether Hurd violated HP's code of business conduct following claims made by former contractor, Jodie Fisher. The investigation concluded that the company's sexual-harassment policy was not violated, but in the course of investigating the allegations, they found that Hurd had submitted inaccurate expense reports. Outside observers suggested the company's board of directors had made a poor decision and may have had mixed motives in requiring his resignation in order to mitigate negative publicity. Fisher herself expressed regrets at the outcome.

On September 6, 2010, Hurd was named president of Oracle Corporation alongside Safra A. Catz, succeeding former president Charles Phillips. Hurd was also appointed a member of the Oracle Corporation board of directors. Hurd and Catz were appointed by then-CEO Larry Ellison.

2008

In 2008, Hurd's total compensation was $39,952,237, including a base salary of $1,450,000, stock award of $7,907,660, cash bonus of $23,931,882, and $662,695 in perquisites and other compensation. It was the largest bonus of any CEO in 2008, although Hurd would implement a wage freeze on his employees. In 2009, Hurd made a total of $24,201,448, including a base salary of $1,268,750, stock award of $6,648,092, cash bonus of $15,809,414 and $475,192 in benefits and other compensation.

2007

Under his leadership, the company was first in the sale of desktop computers since 2007, and laptop computers since 2006. In 2008, it also increased its market share in inkjet printers and laser printers to 46% and 50.5%, respectively. Hurd forecast that in 2009, HP's sales could drop as much as 5% in the midst of the recession, but its profit increased by nearly 6%. Under Hurd's tenure, the company met Wall Street expectations in 21 out of 22 quarters and increased profits for 22 straight quarters, while its revenue rose 63% and stock price doubled.

While serving as chairman and CEO at Hewlett-Packard, Hurd was named one of Fortune Magazine's 25 most powerful people in business, in 2007. In 2008, The San Francisco Chronicle recognized Hurd as CEO of the year. Hurd was listed as one of Forbes' top gun CEOs in 2009.

2006

After the board forced chairman and CEO Carly Fiorina to resign in January 2005 over policy differences following the Compaq merger, executive vice president and CFO Robert P. Wayman became interim CEO for several months. Hurd was appointed permanent CEO and also held the title of President, a post which was not used by several of his predecessors (Michael Capellas was President of HP for a transitional period in 2002 after its merger with Compaq). Hurd was also elected to the board of directors but unlike previous CEOs, he was initially not designated to be chairman of the board which was instead filled by a non-executive director. On September 22, 2006, Hurd succeeded Pat Dunn as board chairman after she resigned due to the pretexting controversy.

2002

While the merger of Hewlett-Packard and Compaq was heavily criticized back in 2002, Hurd managed to make the combined company execute successfully, something his predecessor Fiorina had failed to do. The New York Times said Hurd had "pulled off one of the great rescue missions in American corporate history, refocusing the strife-ridden company and leading it to five years of revenue gains and a stock that soared 130 percent".

2001

Hurd spent 25 years at NCR Corporation, culminating in a two-year tenure as chief executive officer and president. He was named president of NCR in 2001 and was given additional responsibilities as chief operating officer in 2002. He began working for NCR as a junior salesman in San Antonio in 1980, and subsequently held a variety of positions in general management, operations, and sales and marketing. He also served as head of the company's Teradata data-warehousing division for three years.

1990

Hurd and his wife, Paula, an executive with NCR, married in 1990. They had two daughters, Kathryn and Kelly.

1975

Hurd was born in New York City, the son of Teresa A. (Fanoni), a debutante, and Ralph Steiner Hurd, a financier. He graduated from Archbishop Curley-Notre Dame High School, in Miami, Florida, in 1975. In 1979, Hurd graduated with a Bachelor of Business Administration from Baylor University, in Waco, Texas. He received a Tennis Scholarship to attend Baylor University and was a member of Phi Delta Theta.

1957

Mark Vincent Hurd (January 1, 1957 – October 18, 2019) was an American technology executive who served as Co-CEO and as a member of the board of directors of Oracle Corporation. He had previously served as Chairman, Chief Executive Officer, and president of Hewlett-Packard, before resigning in 2010. He was also on the Board of Directors of Globality and was a member of the Technology CEO Council and board of directors of News Corporation until 2010.