Oracle co-founder and CEO Larry Ellison said Thursday he is stepping down as chief executive of the company, effective immediately. Mark Hurd and Safra Catz, who previously served as co-presidents for the company, will both become CEOs, while Ellison will remain on board as executive chairman.
"The three of us have been working well together for the last several years, and we plan to continue working together for the foreseeable future," Ellison said in a statement.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Argentina’s Milei buoyed by regional election winsSpeed Read Argentine President Javier Milei is an ally of President Trump, receiving billions of dollars in backing from his administration
-
Trump vows new tariffs on Canada over Reagan adspeed read The ad that offended the president has Ronald Reagan explaining why import taxes hurt the economy
-
Political cartoons for October 27Cartoons Monday's political cartoons include improving national monuments, the NBA gambling scandal, and the AI energy vampire
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
-
Los Angeles city workers stage 1-day walkout over labor conditionsSpeed Read
-
Mega Millions jackpot climbs to an estimated $1.55 billionSpeed Read
-
Bangladesh dealing with worst dengue fever outbreak on recordSpeed Read
-
Glacial outburst flooding in Juneau destroys homesSpeed Read
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creatureSpeed Read
