Oracle CEO Mark Hurd taking a medical leave of absence

Oracle has announced that one of its top executives will take a leave of absence for health related reasons.

Mark Hurd said in a company statement on Wednesday that the leave was granted at his request. Hurd has been a chief executive of the tech company since 2010. He serves alongside Safra Catz, who is also CEO.

“We all wish him a speedy recovery,” Oracle founder Larry Ellison said. “Oracle has an extremely capable CEO in Safra Catz and an extraordinarily deep team of executives, many with long tenure at Oracle. Safra and I will cover Mark’s responsibilities during his absence with support from the rest of our strong management team.”

Oracle stock fell as much as 4% in after hours trading following the news.

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