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Thursday, 18 September 2014 16:00

Breaking News: Larry Ellison Steps Down as Oracle CEO Featured

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Larry Ellison Steps Down as Oracle CEO‏ to accept Chairman and CTO Roles; Mark Hurd and Safra Catz Named Co-CEOs 

Lawrence J. “Larry” Ellison, 70, is stepping down from his position as CEO of Oracle, to become the company's Executive Chairman and CTO. Oracle promoted both Co-Presidents Safra Ada Catz, 52, and Mark Vincent Hurd, 57, as Co-CEOs, to replace Ellison. Jeff O. Henley, 69, Oracle’s Chairman for the last 10 years, was named Vice Chairman.

Ellison has been the CEO of Oracle, since he founded the company in 1977.

Catz has been President of Oracle since 2004, a member of the Board since 2001, and CFO as of 2011. She first served as Oracle's CFO as EVP and SVP. Prior to joining Oracle, Catz was at Donaldson, Lufkin & Jenrette, a global investment banking group (since 1986) where she was a Managing Director. In 2008, Catz was also appointed to a three-year term as member of the Board for HSBC Holdings plc.

Hurd has been President of Oracle and a member of the company's Board. Before joining Oracle in 2010, Hurd served as Chairman, CEO, and President of HP. Prior to that, he spent 25 years at NCR Corporation, most recently as CEO and President. Hurd is also a member of the Board of Regents at Baylor University.

Date: September 18, 2014

Read 3660 times Last modified on Friday, 11 September 2020 18:35
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults,, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

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