Oracle chooses former HP CEO Hurd as president

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Redwood Shores, Calif.—Oracle Corp. announced Monday that former Hewlett-Packard Co. CEO Mark Hurd has been named president of Oracle. He will report to Oracle CEO Larry Ellison.

Oracle also announced that Charles Phillips has resigned as president and a member of the board. “When Charles approached me last December and expressed his desire to transition out of the company, I asked him to stay on through the Sun [Microsystems] integration, which has gone well. We will miss his talent and leadership, but I respect his decision,” Ellison said in a statement.

Ellison was a vocal defender of Hurd when he was forced out at HP last month after a sexual harassment investigation uncovered expense irregularities. “Mark did a brilliant job at HP, and I expect he’ll do even better at Oracle,” Ellison said in a statement. “There is no executive in the IT world with more relevant experience than Mark.”

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