Oracle hires HP CEO Mark Hurd as new president

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REDWOOD SHORES, CALIF. — Oracle has announced that Mark V. Hurd has joined Oracle as president and has been named to Oracle’s board of directors. 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,” said Oracle CEO Larry Ellison. “There is no executive in the IT world with more relevant experience than Mark. Oracle’s future is engineering complete and integrated hardware and software systems for the enterprise. Mark pioneered the integration of hardware with software when Teradata was a part of NCR.”

Oracle President Safra Catz added: “Mark is an outstanding executive and a proven winner. I look forward to working with him for years to come. As Oracle continues to grow we need people experienced in operating a $100 billion business.”

Hurd said he belives Oracle’s strategy of combining software with hardware will enable Oracle to beat IBM in both enterprise servers and storage. “Exadata is just the beginning. We have some exciting new systems we are going to announce later this month at Oracle OpenWorld,” he said. “I’m excited to be a part of the most innovative technology team in the IT industry.”

For more information about Oracle, please visit www.oracle.com.