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Oracle hires former HP CEO Hurd as president

Oracle hires former HP CEO Hurd as president

As some had been expecting, Oracle announced Monday evening that it has hired former Hewlett-Packard CEO Mark Hurd to be its new company co-president as well as a member of its board of directors.

Hurd will report directly to Oracle CEO Larry Ellison and serve alongside existing co-president Safra Catz. Charles Phillips, who had been serving as co-president with Catz, has resigned and given up his seat on the board, according to a separate announcement from Oracle Monday night.

The news is an interesting turn in what has been a rocky month or so for Hurd, who had been regarded as one of Silicon Valley’s most successful executives. He was widely credited with steering HP back to steady growth and profitability following the tumult during the previous stewardship of Carly Fiorina, whom he succeeded as chief executive.

Read More/Source: C|Net

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