What’s Next for Oracle as Larry Ellison Leaves CEO Spot?

What's changing for Oracle now that Larry Ellison is no longer the software giant's CEO? Probably not all that much, according to those familiar with the organization and its colorful co-founder.

Oracle announced on Thursday that Ellison had been elected executive chairman of the board and was also appointed chief technology officer. Taking over as CEO will be Safra Catz and Mark Hurd. Catz will also continue in her role as chief financial officer, which she took on in 2011. Hurd, who has served as president, joined Oracle in 2010.

As CEO, Catz will continue to oversee Oracle's manufacturing, finance and legal functions. The company's sales, service and vertical industry global business units will report to Hurd.

"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 Thursday. "Keeping this management team in place has always been a top priority of mine."

EUAcknowledges the Current SituationEU

We reached out to IDC analyst Mike Fauscette to ask what Thursday's announcement means for Oracle.

"It just acknowledges the current situation," Fauscette said. "I just don't think it changes much at all from a strategic standpoint."

Ellison, who turned 70 this year, has always made it clear he was most interested in focusing on products and technology and that will remain his focus with the title of CTO, Fauscette said.

Beyond "a nice change in title for two people," naming Catz and Hurd to the CEO position doesn't change either of those executives' responsibilities much either, Fauscette said.

'The Difference Between God and Larry Ellison'

Ellison founded the company that was to become Oracle with two investment partners in 1977. The company took on its current name in 1982 with the launch of its Oracle database.

Since then, Oracle has...

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