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Edition: U.S. Article Comments (2) Save Email Print Reprints Most Popular Most Shared UPDATE 3-Oracle hires former HP's Hurd, Phillips leaves 06 Sep 2010 Oracle hires former HP's Mark Hurd 2:17am EDT Firm can't fire man for 1.8 cent theft 03 Sep 2010 Connaught on brink of administration - BBC 06 Sep 2010 Strong yuan would hurt China: economists 12:43am EDT Storm Hermine slams into far northeastern Mexico 06 Sep 2010 Nokia bets on new smartphones for recovery 06 Sep 2010 Obama kicks off campaign with infrastructure plan | Video 06 Sep 2010 German party mistakenly hands out porn pens to kids 03 Sep 2010 God did not create the universe, says Hawking 02 Sep 2010 UPDATE 3-Oracle hires former HP's Hurd, Phillips leaves 06 Sep 2010 Best of the week 03 Sep 2010 Oracle hires former HP's Mark Hurd 2:17am EDT Earthquake shakes New Zealand 06 Sep 2010 German party mistakenly hands out porn pens to kids 03 Sep 2010 Obama kicks off campaign with infrastructure plan | Video 06 Sep 2010 Storm Hermine slams into far northeastern Mexico 06 Sep 2010 Men have more "senior moments" of memory loss than women 06 Sep 2010 U.S. defense industry girding for predicted slump 03 Sep 2010 Editor's choice 06 Sep 2010 NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Oracle hires former HP's Mark Hurd Tweet This Share on LinkedIn Share on Facebook Related News Oracle offered job to ex-HP CEO Hurd: source Mon, Sep 6 2010 Oracle offered job to ex-HP CEO Hurd says source Sun, Sep 5 2010 UPDATE 1-Oracle offered job to ex-HP CEO Hurd-source Sun, Sep 5 2010 Oracle offered job to ex-HP CEO Hurd-source Sun, Sep 5 2010 HP sparks bidding war with Dell over 3PAR Mon, Aug 23 2010 Related Topics Technology » iPad » Mark Hurd, chairman, CEO and president of HP speaks at the Fortune Brainstorm Tech conference in Pasadena, California, in this July 24, 2009 file photo. Credit: Reuters/Fred Prouser/Files By Megan Davies and Ritsuko Ando NEW YORK | Tue Sep 7, 2010 2:17am EDT NEW YORK (Reuters) - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president. Hurd, a close friend of Oracle CEO Larry Ellison will replace Charles Phillips, who has resigned, Oracle said in a statement on Monday. Phillips was co-president alongside Safra Catz, who remains in her role. Ellison had slammed HP's decision to oust Hurd, calling the actions of HP's board "cowardly. Hurd resigned from HP on August 6, after a probe into sexual harassment allegations. HP said at the time that he filed inaccurate expense reports related to Jodie Fisher, a marketing contractor who worked for Hurd's office from 2007 through 2009. "Mark did a brilliant job at HP and I expect he'll do even better at Oracle," said Ellison in a statement on Monday. Shares of HP are down 13 percent since Hurd's resignation. Plucked from relative obscurity to head HP, Hurd is credited with resuscitating the technology giant by cutting costs and pursuing ambitious acquisitions. HP said the expense reports were meant to hide a "close personal relationship" with Fisher, a sometime actress who has appeared in television shows and movies. Oracle, the world's third largest software maker, competes with HP as well as with International Business Machines Corp and SAP. "I believe Oracle's strategy of combining software with hardware will enable Oracle to beat IBM in both enterprise servers and storage," Hurd said in Monday's statement. In June, Oracle reported a quarterly profit that exceeded Street projections and a 14 percent climb in sales of new software, signaling the tech spending recovery is on track as businesses shell out on big-ticket items again. "Oracle is clearly capitalizing on this opportunity to get someone strong from a top hardware company," said Forrester analyst James Staten. "In terms of how this helps Oracle against IBM, there is reason to be optimistic." Still, Staten noted there will now be two strong personalities at the top. "So Mark Hurd will have someone who's very hands-on sitting above him," Staten said. "But we have to assume they'll get along." PHILLIPS DEPARTED Phillips, along with Oracle's other president Catz, had at one time been seen as a possible successor to Ellison. A former star software analyst at Morgan Stanley, Phillips was put on the spot earlier this year when huge billboards depicting the married software executive with YaVaughnie Wilkins, his former mistress, appeared in New York, Atlanta and San Francisco. The billboards with the words "You are my soulmate forever!" appeared to be an attempt by Wilkins to embarrass Phillips after their relationship ended and he returned to his wife. He was also publicly corrected by his company after he said Oracle could "easily" spend about double the $35 billion it had spent over the past five years. That prompted a company spokeswoman to issue a statement saying the company did not have a five-year M&A budget. Ellison said in Monday's statement that Phillips had approached him last December "and expressed his desire to transition out of the company." Ellison said in the statement he asked him to stay on through the integration of Sun Microsystems. Oracle bought computer maker Sun in 2009 in a deal worth more than $7 billion. (Editing by Diane Craft and Lincoln Feast) Technology iPad Comments See All Comments (2) | Post Comment Sep 07, 2010 2:36am EDT This is the kind of dirt bag Obama wants to give a tax cut to. ProletarianJoe Report As Abusive Sep 07, 2010 2:57am EDT Enough with the ‘holier than thou’ attitude. The guy is not a child killer or anything. DougAnderson Report As Abusive See All Comments (2) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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