Oracle states that Exec who oversaw his cloud has left the company

Oracle confirmed Friday night the departure of a senior leader. Thomas Kurian, a 22-year veteran of the company who recently served as president of Oracle product development, is stepping down.

Kurian's biography on Oracle's site allowed him to oversee Oracle's transition to cloud-based enterprise software. Before Oracle, Kurian worked as a consultant at McKinsey & Co. Last week, Oracle's action failed after the company's second-quarter results showed that its cloud services revenues were below analysts' expectations. .

In a document filed with the US Securities and Exchange Commission, Oracle stated that Kurian had informed the company that he was leaving to pursue other opportunities. "Kurian's duties and responsibilities have been reallocated to other senior executives of Oracle's development organization," said Oracle's filing.

The announcement came a few weeks after several news agencies reported a clash between Kurian's founder and executive chairman and Oracle, Larry Ellison. According to CNBC, Kurian took leave from Oracle earlier this month, informing company staff of his projects in an email. At the time, an Oracle spokesman said the company expected Kurian to "come back soon."

Kurian has struggled with Ellison on the role that cloud-based software will play in Oracle's future. Bloomberg reported that the two leaders were facing a "growing conflict" around the appropriate cloud strategy for Oracle, with Kurian wanting Oracle to make more of its software available on the cloud. Amazon and Microsoft audiences to diversify. infrastructure in difficulty. Ellison would have disagreed.

Oracle's share has changed little in the aftermarket, down 0.3% to $ 51.40. Friday, before the announcement of the departure of Kurian, the shares of Oracle were down 0.3% to 51.56 dollars.