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Tuesday, 07 September 2010 03:04

Oracle Hires Former HP CEO Mark Hurd As Co-President

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Oracle has confirmed that former Hewlett-Packard CEO Mark Hurd has found a cushy place to land after one of this year’s messiest tech scandals, Hurd will be joining the company as Co-President alongside his close friend and Oracle CEO Larry Ellison.

This comes

as no surprise judging by yesterday’s rumors of his hire coupled with the fact that Ellison came to Hurd’s defense during the controversy surrounding allegations of harassment by former HP contractor Jodie Fisher.

According to The New York Times, Ellison chastised the HP for firing Hurd last month, calling it “the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago.”

Mark Hurd wrapped up five years at HP last August and during his tenure the company’s stock price had more than doubled. Hurd was compensated generously for his accomplishments, pulling a $24.2 million in salary at HP in 2009.

He now has the unique opportunity to use what he learned at HP to maximize Oracle’s acquisition of Sun Microsystems, one of H.P.’s direct competitors.

Says Ellison, “Mark did a brilliant job at H.P., and I expect he’ll do even better at Oracle. There is no executive in the I.T. world with more relevant experience than Mark.”


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Authors: Alexia Tsotsis

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