- When Oracle CEO Mark Hurd went on medical leave last month, there was speculation that Safra Catz would become the tech giant’s solo CEO.
- But Oracle founder and chief technology officer Larry Ellison has said the company plans to keep its dual CEO structure.
- He also said he planned to recommend five internal candidates to the Oracle board.
- Here are five Oracle execs who could one day become Catz’s co-CEO, according to Ellison and company insiders.
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Oracle CEO Mark Hurd went on medical leave last month, prompting speculation that Safra Catz, with whom he shared the post, will likely become the tech giant’s solo CEO.
But Oracle founder Larry Ellison has indicated that the Silicon Valley company plans to keep its dual CEO structure — even though some people find it “weird.”
“A lot of people have said, ‘God, you guys are weird. Two CEOs? That’s ridiculous. That’s bad governance,'” Ellison told analysts at the company’s OpenWorld event in San Francisco last month.
“I believe in a dual CEO structure. The normal case [at Oracle] would be dual CEO here for obvious reasons. That it’s good to have capacity and good to have specialization. And then, God forbid, if something untoward should happen, you have capacity, you are not incapacitated.”
In fact, Oracle’s archrival, SAP, appeared to following Ellison’s lead. SAP just announced this week that it was shifting to its own dual CEO structure. The German software giant said its longtime CEO Bill McDermott was stepping down and has been replaced by Jennifer Morgan, who had led SAP’s cloud business, and Christian Klein, who had served as SAP’s chief operating officer.
It would seem Ellison meant what he said about the dual CEO structure. At the meeting with analysts, Ellison said he was planning to give the Oracle board give five potential internal candidates in the event Hurd is unable to return.
Here are five Oracle executives — including two that Ellison himself mentioned at the meeting with analysts, as well as three that experts suggest might make the shortlist — who could one day serve as the company’s chief executive.