News came over the wire yesterday that Jeff Epstein has resigned as Oracle’s chief financial officer (CFO). No reason was given as to why.
For the time being (and maybe for a long time), Oracle Co-President Safra Catz will take over CFO duties. Catz served in that role earlier, before Epstein came aboard, so this is not new ground for her. She served as co-president and CFO between the time that Greg Maffei left the Oracle CFO job in 2005 and when Epstein came aboard in 2008.
Oracle’s CFO position has gone through something of a state of flux in the past decade. It started out with Jeff Henley, a longtime CFO who is now the chairman of Oracle’s board of directors. Harry You came on board in 2004, only to leave eight months later. Maffei then joined, resigning just four months later. Catz took over, then Epstein came aboard in 2008. Epstein was CFO for about 18 months.
There were some reports that Catz clashed at least with Maffei, though who knows how true those reports were. Epstein’s direct report was to Catz, whereas typically CFOs report to the CEO and the board of the directors.