Larry Ellison has agreed to step down as the chief executive
officer at Oracle, ending one of the most entertaining and
profitable runs for a leader in business history.
Oracle announced Ellison’s departure via a press release delivered
on Thursday afternoon after the close of the U.S. financial
markets. The company said that Ellison will remain Chairman of
Oracle’s board and take on the role of chief technology officer.
Mark Hurd and Safra Catz, both presidents at Oracle, will each
inherit the CEO title. Catz will remain as chief financial officer
He goes out on top, on his own terms, with Oracle stock at an all-time high.