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Former HP CEO Mark Hurd becomes President at Oracle
Mark Hurd joins his friend Larry Ellison.
Sep 7 2010, 12:31am CDT | by Luigi Lugmayr
Oracle has announced that former HP CEO Mark Hurd is joing Oracle as President. Mark Hurd is also named to Oracle's Board of Directors. He will report to Oracle CEO Larry Ellison. Larry Ellison has publicly defended Mark Hurd when he was ousted from HP on murky circumstances involving false Expense reports and a Woman.
“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.”
“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.”
Mark Hurd indeed turned HP around. For Oracle this hire is most likely a big win. Wall Street did not really react much to the news. The stock closed up 2%, but is down 1% in after hour trading.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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