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Business

Former Hewlett-Packard CEO given second life at Oracle

Text by News Wires

Latest update : 2010-09-07

Former Hewlett-Packard chief executive Mark Hurd has resurfaced as the new co-president of software giant Oracle, a month after resigning from HP amid lingering charges of sexual harassment.

AFP - Former Hewlett-Packard chief executive Mark Hurd, who resigned last month following a sex scandal, has joined US software giant Oracle as its new co-president, The New York Times said Monday.

Hurd joined Oracle as president and as a director, the Times report said.

"Mark did a brilliant job at HP and I expect he'll do even better at Oracle," Oracle CEO Larry Ellison said, according to the report.

"There is no executive in the IT world with more relevant experience than Mark."

Ellison, who founded the company in 1970, Larry Ellison, remains in the top post and is the company's largest shareholder.

Hurd, 53, resigned last month after former marketing contractor Jodie Fisher accused him of sexual harassment, amid claims he hid the affair through filing false company expense reports.

Oracle, a business software giant that rivals HP's market share in that field, is almost as profitable as HP, earning 6.1 billion dollars in the last fiscal year compared to HP's 7.7 billion dollars in the same time period.

Date created : 2010-09-07

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