Oracle chairman says no plans for new co-CEO
Reuters
Published Dec 12, 2019 23:16
Oracle chairman says no plans for new co-CEO
(Reuters) - Oracle Corp (N:ORCL) Chairman Lawrence Ellison said on Thursday the business software maker had no plans to hire a new co-chief executive officer.
Safra Catz has been heading the company since the other co-chief Mark Hurd died in October.
"How is our search going for the new -- for a second CEO? We don't have one. We have no plans for having a second CEO," Ellison said on a conference call with analysts.
"We're hiring a bunch of people at the next layer down who are potential CEOs when both Safra and I retire, which is not anytime soon," he added.
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Written By: Reuters
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