Larry Ellison bows out as Oracle’s CEO after 37 years (Wired UK)


Larry Ellison

Oracle/Flickr


It’s the end of an era on Redwood Shores, and in Silicon Valley,
really, as Larry Ellison has stepped down as the CEO of database
maker Oracle.

Ellison founded Oracle in 1977 — around the same time that
Microsoft and Apple were getting off the ground. It was an era of
iconoclasts, technology visionaries who started with small
companies and big ideas who built massive fortunes during the
explosion of the computer industry.

But Steve Jobs is gone. And Ellison’s other tenacious tech peers
from the glory days — people like Scott McNealy and Bill Gates –
have moved on to other things. Now at 70, Ellison seems to be
eyeing a second act, although he will remain involved in the
company as chairman of the board and the company’s engineering
chief.

“Larry has made it very clear that he wants to keep working full
time and focus his energy on product engineering, technology
development and strategy,” said Michael Boskin, the presiding
director of Oracle’s board, in a press release.

His two top lieutenants Safra Catz and Mark Hurd will jointly
operate as the company’s CEOs, with Hurd handling sales, and Catz
in charge of manufacturing and finance.

Ellison will likely spend time on his other passions, such as
the America’s Cup. He had already handed over much of the
day-to-day operations of Oracle to Hurd and Catz, and last year, he
blew off his company’s most important user conference to watch his favourite yacht race.

From its humble beginnings as a relational database software
company, Ellison’s Oracle grew into a corporate giant — now a $182
billion (£111 billion) rival to IBM that sells hardware and
software that’s used at all levels of the corporate world.

This article originally appeared on Wired.com

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19 September 2014 | 10:10 am – Source: wired.co.uk

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