Reginal Thomas
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Larry Ellison Retires As CEO of Oracle

Larry Ellison the founder of Oracle is stepping down as CEO. He will be replaced by two Co- CEO's, Safra Catz and Mark Hurd. Ellison will still remain with the company as the executive chairman of Oracle's board and chief technology officer. Catz has been with the firm for 15 years and has been president since 2004. She was also the CFO from 2005 to 2008. Hurd has been with the company for 4 years and was the CEO of HP before being ousted.