Mark Hurd and Safra Catz, the software maker’s co-presidents, were both named chief executive officers.
Mark Hurd and Safra Catz, the software maker’s co-presidents, were both named chief executive officers.
Hurd will run sales, marketing and strategy, while Catz will remain chief financial officer and oversee legal and manufacturing operations. Ellison will become chairman, replacing Jeff Henley, and also take on the title of chief technology officer.
Ellison, who turned 70 last month, guided the Redwood City, California-based company for more than 35 years to make it the world’s largest database-software company and one of the biggest providers of business programs. Oracle’s products have become the backbone of modern commerce and industry. The company has a market capitalization of more than $185 billion and produces annual revenue of $38 billion.
Read more at OregonLive.com
