Oracle says Kurian has resigned three weeks after taking time off


David Paul Morris | Bloomberg | Getty Images

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

Oracle said Thomas Kurian, the company’s president of product development, has resigned, three weeks after announcing that he was taking an unspecified amount of time off.

“Mr. Kurian’s duties and responsibilities have been reassigned to other senior executives in Oracle’s development organization,” the company said in a filing with the SEC on Friday. The company said he is leaving “to pursue other opportunities.”

Earlier this month, Kurian told employees in an email that he was taking an extended leave and thanked his co-workers for all their work in pushing the company into cloud computing, his area of focus. But a spokesperson told CNBC at the time that, “We expect him to return soon.”

Kurian joined Oracle from McKinsey in 1996 and held his most recent position since 2015. He received $35.7 million in total compensation in the the fiscal year that ended May 31, 2017.

Oracle’s stock has gained 9.1 percent this year, inline with the S&P 500 but well behind shares of most big tech companies.

— CNBC’s Jordan Novet contributed to this report.

Source link

Products You May Like

Articles You May Like

Harry and Meghan’s Canada move still needs to be worked out
Lululemon raises its quarterly forecast after upbeat holiday sales
BlackRock (BLK) earnings Q4 2019
How Congress made it easier to avoid the IRS
‘Jeopardy!’ just crowned the greatest player of all time

Leave a Reply

Your email address will not be published.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