Oracle Board Appoints Larry Ellison Executive Chairman and CTO

Well, its official!┬áThe Oracle Board of Directors elected Larry Ellison to Executive Chairman of the Board and appointed him the company’s CTO. Jeff Henley, who has served as Oracle’s Chairman for the last 10 years, was appointed Oracle’s Vice Chairman of the Board.

Both Safra Catz and Mark Hurd were named CEO. So, in a nutshell, Safra and Mark will now report to the Oracle Board rather than to Ellison.

Ellison has made it clear he doesn’t quite want out, but he has no interest in being CEO. This will be interesting to see the routes he takes and where his focus will land as CTO!

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