People on the Move: Larry Ellison Steps Down

Posted by Joachim Bartels | Sep 27, 2014 | Information Professionals on the Move, Oracle, SaaS (Software-as-a-Service), Software Services, United States | 0 |

Larry Ellison has agreed to step down as chief executive officer at Oracle (ORCL), ending one of the most entertaining and profitable runs for a leader in business history.

Oracle announced Ellison’s departure via a press release delivered on Thursday afternoon after the close of U.S. financial markets. The company said that Ellison will remain chairman of Oracle’s board and take on the role of chief technology officer. Mark Hurd and Safra Catz, both presidents at. Oracle, will each inherit the CEO title. Catz will remain as chief financial officer.

Source: Businessweek

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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