The Oracle board of directors has elected Larry Ellison to the position of executive chairman of Oracle’s board and appointed him the company’s chief technology officer. Jeff Henley, who has served as Oracle’s chairman for the past 10 years, was appointed Oracle’s vice-chairman of the board. The Oracle board also promoted both Safra Catz and Mark Hurd to the position of CEO, Oracle Corporation.
“Safra and Mark will now report to the Oracle Board rather than to me,” says Ellison. “All the other reporting relationships will remain unchanged. The three of us have been working well together for the past 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,” he adds.
“Ellison has made it very clear that he wants to keep working full time and focus his energy on product engineering, technology development and strategy,” says Oracle Board’s presiding director, Dr Michael Boskin. “Safra and Mark are exceptional executives who have repeatedly demonstrated their ability to lead, manage and grow the company. The directors are thrilled that the best senior executive team in the industry will continue to move the company forward into a bright future.”