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Larry Ellison
Larry Ellison steps down as Oracle CEO, becomes chairman, tech chief
Larry Ellison steps down as Oracle CEO, becomes chairman, tech chief

Larry Ellison, the adventurous billionaire who built Oracle Corp. into a technology behemoth, is leaving his position as chief executive, the company said Thursday. Ellison will become executive chairman of Oracle’s board and also the company’s chief technology officer. Co-presidents Mark Hurd and Safra Catz are being promoted to co-chief executives. "Safra and Mark will now report to the Oracle board rather than to me," Ellison said in a statement. "All the other reporting relationships will remain unchanged. 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. Keeping...

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