Channel Marker

Apr 25 2011   9:48PM GMT

Oracle CFO resigns



Posted by: badarrow
Tags:
Barbara Darrow
IT channel products and services
Jeff Epstein
Larry Ellison
Oracle
Oracle CFO
Safra Catz

Jeff Epstein has resigned as Oracle Corp.’s CFO.

The news was disclosed in a brief release issued Monday afternoon. No reason was given for Epstein’s departure. Safra Catz, Oracle co-president (with Mark Hurd) will assume the CFO role in addition to her other duties, according to the statement.

Not to belabor the point, but it’s not good when the CFO of a gigantic publicly-held company resigns without explanation. In the statement, Oracle  CEO Larry Ellison Oracle board chairman Jeff Henley did thank Epstein for his service.

The change comes as Oracle is struggling to digest its purchase of Sun Microsystems, and to adjust to becoming a hardware supplier.

 

(EDITOR’S NOTE/UPDATE 4/26/2011: Epstein might be headed to Infor.)

 Let us know what you think about the story; email Barbara Darrow, Senior News Director at bdarrow@techtarget.com.

Check out more IT channel news on SearchITChannel.com and follow us on Twitter!

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: