Oracle hires former HP chief as co-president
By Jordan Rorbertson |
September 8, 2010, Wednesday
|
Print Edition
Print Edition
ORACLE Corp has hired former Hewlett-Packard Co CEO Mark Hurd to help lead the database software maker in a pivotal moment in Oracle's 33-year history as it tries to move in on more of HP's turf.
Oracle and HP are longtime partners, but Hurd's appointment on Monday as co-president of Oracle underscores the growing fissure between the Silicon Valley heavyweights and stems from Oracle CEO Larry Ellison's belief that his friend Hurd was railroaded out of a job at HP.
Oracle already had two presidents.
One of them - Charles Phillips, a former Marine and investment banker who was with Oracle for seven years - is resigning to make room for Hurd. The other - Safra Catz, Oracle's former chief financial officer - is staying.
Ellison said that Phillips wanted to leave in December, but that Ellison asked him to stay through the integration of Sun Microsystems.
Phillips was in the news earlier this year when pictures of him snuggling with his former mistress appeared on billboards around the United States. Ellison said Oracle will miss Phillips' talent and leadership but that he respects Phillips' decision to leave.
Oracle said in a statement Hurd will also serve as a member of the board of directors. He will report to Ellison.
Ellison praised Hurd's tenure at HP and said no other executive had more relevant experience.
"Mark did a brilliant job at HP and I expect he'll do even better at Oracle," Ellison said.
Oracle and HP are longtime partners, but Hurd's appointment on Monday as co-president of Oracle underscores the growing fissure between the Silicon Valley heavyweights and stems from Oracle CEO Larry Ellison's belief that his friend Hurd was railroaded out of a job at HP.
Oracle already had two presidents.
One of them - Charles Phillips, a former Marine and investment banker who was with Oracle for seven years - is resigning to make room for Hurd. The other - Safra Catz, Oracle's former chief financial officer - is staying.
Ellison said that Phillips wanted to leave in December, but that Ellison asked him to stay through the integration of Sun Microsystems.
Phillips was in the news earlier this year when pictures of him snuggling with his former mistress appeared on billboards around the United States. Ellison said Oracle will miss Phillips' talent and leadership but that he respects Phillips' decision to leave.
Oracle said in a statement Hurd will also serve as a member of the board of directors. He will report to Ellison.
Ellison praised Hurd's tenure at HP and said no other executive had more relevant experience.
"Mark did a brilliant job at HP and I expect he'll do even better at Oracle," Ellison said.
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