Oracle CEO Mark Hurd went on medical depart final month, prompting hypothesis that Safra Catz, with whom he shared the publish, would doubtless turn into the tech large’s sole CEO.
“A lot of people have said, ‘God, you guys are weird. Two CEOs? That’s ridiculous. That’s bad governance,'” Ellison advised analysts on the firm’s OpenWorld occasion in San Francisco final month.
“I believe in a dual-CEO structure. The normal case [at Oracle] would be dual CEO here for obvious reasons. That it’s good to have capacity and good to have specialization. And then, God forbid, if something untoward should happen, you have capacity; you are not incapacitated.”
In truth, Oracle’s archrival, SAP, seemed to be following Ellison’s lead. SAP simply introduced it was shifting to its personal dual-CEO construction. The German software program large mentioned Invoice McDermott, its longtime CEO, was stepping down and has been changed by Jennifer Morgan, who had led SAP’s cloud enterprise, and Christian Klein, who had served as SAP’s chief working officer.
It could appear Ellison meant what he mentioned in regards to the dual-CEO construction. On the assembly with analysts, Ellison mentioned he was planning to present the Oracle board 5 inner candidates within the occasion Hurd is unable to return.
Listed here are 5 Oracle executives — two that Ellison himself talked about on the assembly with analysts, in addition to three that specialists counsel would possibly make the shortlist — who may sooner or later function the corporate’s chief government.
Subscribe to learn: Meet the 5 execs that Larry Ellison and insiders say are on the quick listing to sooner or later be the CEO of Oracle
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