Monday, 6 September 2010

Mark Hurd lands at Oracle

NEW YORK ( -- Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company.

Oracle Corp. (ORCL, Fortune 500) announced late Monday that it had hired Hurd as president, and that Hurd will sit on the company's board of directors.

At the time of his departure, Hewlett-Packard executives said that Hurd, who is married, failed to tell the board about a personal relationship with a female marketing contractor hired by his office. He filed inaccurate expense account reports in a bid to keep the relationship secret, HP said.

Jodie Fisher, an actress who had been employed as a contractor for HP, subsequently came forward and said that there had been no sexual relationship between them.

Hurd was credited with reviving Hewlett-Packard following the tumultuous tenure of his predecessor, Carly Fiorina.

"As Oracle continues to grow we need people experienced in operating a $100 billion business," said Safra Catz, also an Oracle president.

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