Oracle hired former HP CEO Mark Hurd as president while Charles Phillips resigns

By on Sep 7, 2010 in Software, Technology Comments

Oracle Corporation announced on Monday night that Mark Hurd was hired as president, while Charles Phillips resigns.

According to the report, the world’s second biggest software company hires the former Hewlett-Packard Co. (HP) CEO; coincides with the resignation of Charles Philips as president.

A month ago, Mark Hurd left HP after a former contract worker for the company accused him of sexual harassment.

Although there was no proof that the allegations were true, there were reports about his fudged expense; according to the company’s statement after his departure.

Meanwhile, Hurd will report directly to Oracle Chief Executive Larry Ellison, and will be also a member of the Board of Directors. In his new role, Hurd joins Safra Catz as co-presidents

Ellison, who founded Oracle more than 30 years ago, said that the company plans to acquire more hardware companies

Mark did a brilliant job at HP and I expect he’ll do even better at Oracle,” Mr. Ellison said in a statement late Monday.

“There is no executive in the IT world with more relevant experience than Mark.” He added.

Mark Hurds is an outstanding executive and a proven winner,” added Oracle President Safra Catz, also in a statement. “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.”

On the other hand, Charles Philips admitted last January that he had a relationship with a woman named YaVaughnie Wilkins; after billboards began appearing giving details about the affair.

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