Oracle founder Larry Ellison steps down as CEO
21 Sept 2014 5:13 AM IST
He is responsible for building the company into one of the world's largest database-software businesses with revenues of over $37.18 billion (in 2013).
‘Safra and Mark will now report to the Oracle Board rather than to me. 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,’ Ellison said.
Keeping this management team in place has always been a top priority of him, he added.
Currently serving as co-presidents, Hurd runs sales, service and marketing, while Catz oversees operations, legal and finance.
Ellison, who recently turned 70, is Oracle's largest shareholder, with 1.1 billion shares of the company.
Jeff Henley, who has served as Oracle's Chairman for the last 10 years, was appointed Oracle's Vice Chairman of the Board.
‘Safra and Mark will now report to the Oracle Board rather than to me. 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,’ Ellison said.
Keeping this management team in place has always been a top priority of him, he added.
Currently serving as co-presidents, Hurd runs sales, service and marketing, while Catz oversees operations, legal and finance.
Ellison, who recently turned 70, is Oracle's largest shareholder, with 1.1 billion shares of the company.
Jeff Henley, who has served as Oracle's Chairman for the last 10 years, was appointed Oracle's Vice Chairman of the Board.
Next Story
