Posted by: badarrow
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 firstname.lastname@example.org.