Oracle’s Larry Ellison steps down

Oracle’s Larry Ellison stepped down as chief executive officer of the software maker he founded, making way for a new generation of executives.

18th September, 2014
Larry Ellison.

Oracle’s Larry Ellison stepped down as chief executive officer of the software maker he founded, making way for a new generation of executives and ending one of the most profitable runs for a leader in business history.

Mark Hurd and Safra Catz, currently co-presidents of Oracle, were both named CEO to replace Ellison, the company said today. Hurd will run sales, marketing and strategy, while Catz will remain chief financial officer and oversee...

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