Mark Hurd Former HP CEO Joins Oracle As Co-President

On Monday, Oracle announced that Mark Hurd had joined the company as a president and a director. Mr. Hurd resigned from H.P. a month ago following allegation and investigation by the board into a personal relationship with a contractor turned up questionable expense reports.Lawrence J. Ellison, Oracle's CEO, criticized H.P.'s board last month in an […]

On Monday, Oracle announced that Mark Hurd had joined the company as a president and a director. Mr. Hurd resigned from H.P. a month ago following allegation and investigation by the board into a personal relationship with a contractor turned up questionable expense reports.

Lawrence J. Ellison, Oracle's CEO, criticized H.P.'s board last month in an e-mail message, saying it was "the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago."

Now, Oracle intends to capitalize on H.P.'s mistake, Mr. Ellison said. "Mark did a brilliant job at H.P., and I expect he'll do even better at Oracle." "There's no executive in the I.T. world with more relevant experience than Mark."

Oracle already had a crowded management suite, with Charles E. Phillips Jr. and Safra A. Catz serving as co-presidents under Mr. Ellison.

[Source]