Phillips DepartedBy Reuters | Print
Former HP CEO Mark Hurd, who resigned from HP amid scandal last month, has joined Oracle as president, taking over for Charles Phillips who has resigned and serving together with co-president Safra Catz.
Phillips, along with Oracle's other president Catz, had at one time been seen as a possible successor to Ellison.
A former star software analyst at Morgan Stanley, Phillips was put on the spot earlier this year when huge billboards depicting the married software executive with YaVaughnie Wilkins, his former mistress, appeared in New York, Atlanta and San Francisco.
The billboards with the words "You are my soulmate forever!" appeared to be an attempt by Wilkins to embarrass Phillips after their relationship ended and he returned to his wife.
He was also publicly corrected by his company after he said Oracle could "easily" spend about double the $35 billion it had spent over the past five years. That prompted a company spokeswoman to issue a statement saying the company did not have a five-year M&A budget.
Ellison said in Monday's statement that Phillips had approached him last December "and expressed his desire to transition out of the company". Ellison said in the statement he asked him to stay on through the integration of Sun Microsystems. Oracle bought computer maker Sun in 2009 in a deal worth more than $7 billion.
(Editing by Diane Craft and Lincoln Feast)