Oracle president Thomas Kurian taking time off

Business


David Paul Morris | Bloomberg | Getty Images

Thomas Kurian, Oracle’s president of product development, speats at Oracle’s 2013 OpenWorld conference in San Francisco.

Thomas Kurian, one of the top executives at Oracle, is taking time away from the company for an unspecified period of time, the company has told CNBC.

“He’s taking some time off. We expect him to return soon,” a spokeswoman wrote in an email.

Kurian joined Oracle from McKinsey in 1996 and has held his current position, president of product development, since 2015. He has regularly appeared at company conferences. He has been described as “arguably the most important person at Oracle not named Larry Ellison.” His twin brother George Kurian is president and CEO of NetApp.

Kurian, who reports to executive chairman and chief technology officer Larry Ellison, has been in charge of software development, as well as taking Oracle’s own technology to the cloud, according to a biography on the company’s website. “Under his leadership, that business [Fusion Middleware] became the fastest-growing within Oracle and the industry’s leading middleware product suite,” the biography says.

Kurian boasts on his LinkedIn profile that his organization contains 35,000 people in 32 countries — about one-fourth of Oracle’s entire employee base.

He received $35.7 million in total compensation in the the fiscal year that ended May 31, 2017. For that period Kurian got the maximum possible amount of performance stock units; the board’s compensation committee pointed out in a filing that “Oracle’s cloud SaaS [software as a service] and PaaS [platform as a service] offerings experienced strong year-over-year revenue growth.”

Oracle stock has fallen 5 percent in the past year.



Source link

Products You May Like

Articles You May Like

Alibaba’s Jack Ma: Don’t copy my success
Nip student loan debt by applying to these three types of colleges
How some people misuse their home equity
Consumers loosening purse strings for upcoming holiday shopping season
Your Social Security check could be bigger next year

Leave a Reply

Your email address will not be published. Required fields are marked *