Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Mark Hurd lands at Oracle

By CNNMoney staff


NEW YORK (CNNMoney.com) -- Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company.

Oracle Corp. (ORCL, Fortune 500) announced late Monday that it had hired Hurd as a co-president, and that Hurd will sit on the company's board of directors.

Also on Monday, Oracle said that Charles Phillips had resigned his post as a co-president, as well as his seat on the board. Phillips had been a key member of Oracle's executive team since 2003.

Hurd will report to Oracle CEO Larry Ellison.

"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."

Ellison publicly stood behind Hurd and blasted the HP (HPQ, Fortune 500) board after Hurd's Aug. 6 exit.

At the time of his departure, Hewlett-Packard executives said that Hurd, who is married, failed to tell the board about a personal relationship with a female marketing contractor hired by his office. He filed inaccurate expense account reports in a bid to keep the relationship secret, HP said.

Jodie Fisher, an actress who had been employed as a contractor for HP, subsequently came forward and said that there had been no sexual relationship between them.

Hurd was credited with reviving Hewlett-Packard following the tumultuous tenure of his predecessor, Carly Fiorina.

"As Oracle continues to grow we need people experienced in operating a $100 billion business," said Safra Catz, who serves as Oracle's other co-president. To top of page

Search for Jobs

Index Last Change % Change
Dow 19,799.85 -27.40 -0.14%
Nasdaq 5,552.94 -2.39 -0.04%
S&P 500 2,265.20 -6.11 -0.27%
Treasuries 2.40 -0.06 -2.59%
Data as of 12:30am ET
Company Price Change % Change
Qualcomm Inc 54.88 -8.00 -12.72%
Bank of America Corp... 22.56 -0.08 -0.35%
General Electric Co 29.75 -0.78 -2.55%
Ford Motor Co 12.31 -0.05 -0.40%
Chesapeake Energy Co... 6.68 -0.01 -0.15%
Data as of Jan 23
Sponsors

Sections

President Trump could roll out new executive actions aimed at helping the coal industry. But experts don't believe Trump's regulation-busting will be enough to save a coal industry getting crushed by cheap natural gas. More

Donald Trump promised to call China out for being a 'currency manipulator' on day one. It didn't happen. CNNMoney explains what exactly that means and whether it is likely to happen later. More

The Obama administration set a new path for foreign entrepreneurs to stay in the U.S. -- but will the Trump administration take it away? More

The CFPB has fined CitiFinancial Servicing and CitiMortgage $28.8 million for giving 'the runaround' to cash-strapped homeowners who were trying to save their homes. More