Tuesday, September 7, 2010

Oracle Hires Former HP CEO Mark Hurd as President




Oracle today announced that Mark V. Hurd has joined Oracle as President and has been named to Oracle's Board of Directors. Mr. Hurd will report to Oracle CEO Larry Ellison.

"Mark did a brilliant job at HP and I expect he'll do even better at Oracle," said Oracle CEO Larry Ellison. "There is no executive in the IT world with more relevant experience than Mark. Oracle's future is engineering complete and integrated hardware and software systems for the enterprise. Mark pioneered the integration of hardware with software when Teradata was a part of NCR."

"Mark is an outstanding executive and a proven winner," said Oracle President Safra Catz. "I look forward to working with him for years to come. As Oracle continues to grow we need people experienced in operating a $100 billion business."

"I believe Oracle's strategy of combining software with hardware will enable Oracle to beat IBM in both enterprise servers and storage," said Mark Hurd. "Exadata is just the beginning. We have some exciting new systems we are going to announce later this month at Oracle OpenWorld. I'm excited to be a part of the most innovative technology team in the IT industry."

Early last month Hurd resigned his position as CEO and Chairman of HP after an investigation surrounding a claim of sexual harassment.



*thanks iclarified*

I guess Oracle's CEO Larry Ellison puts his money where his mouth is, with his earlier comments on the forced resigning of hp CEO was the dumbest move by a board since apple kicked Steve Jobs out.

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