Oracle chief Larry Ellison steps aside to become CTO, results miss target
Analysis Oracle founder and CEO Larry Ellison has stepped down from the chief exec role, with co-CEOs Safra Catz and Mark Hurd appointed to steer the ship.
Ellison isn’t leaving Oracle full stop however, assuming the role of CTO and executive chairman at the software giant. In an earnings call, Ellison admitted that not much would change under the bonnet.
“I’m going to continue doing what I have been doing over the last several years, [Catz and Hurd are] going to continue what they’ve been doing...