Catz And Hurd Elevated To Oracle CEO As Ellison Steps Aside

Published: September 22, 2014

Larry Ellison has stepped aside as Oracle CEO, ending his 37-year reign as head of the company. He will be replaced in that role by co-presidents Safra Catz and Mark Hurd. Both will take the title of CEO and Ellison will stay on as Executive Chairman and Chief Technology Officer.

All manufacturing, finance, and legal functions will continue to report to Catz, one of Silicon Valley’s highest ranking female executives. Catz was thought to be Ellison’s heir apparent until Hurd joined the firm in 2010 after resigning as CEO of Hewlett-Packard, following allegations of an inappropriate relationship with a female contractor.

Sales, service and vertical industry global business units will continue to report to Hurd. Software and hardware engineering functions will report to Ellison.

“[Catz] and [Hurd] will now report to the Oracle Board rather than to me,” Ellison stated. “All the other reporting relationships will remain unchanged. The three of us have been working well together for the last several years, and we plan to continue working together for the foreseeable future. Keeping this management team in place has always been a top priority of mine.”

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It was also announced that Oracle chairman Jeff Henley has been appointed as the company’s Vice Chairman of the Board.

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