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Oracle hire ex HP CEO Mark Hurd

KitGuru reported yesterday that Oracle would be hiring ex HP CEO Mark Hurd and today confirmation has came in that he will be replacing co-represident Charles Phillips, who resigned.

Ellison was very outspoken when Hewlett Packard removed Mark Hurd, calling the board ‘idiots‘.

“Mark did a brilliant job at HP and I expect he'll do even better at Oracle,” said Larry Ellison in a statement. Hewlett Packard have lost 13 percent in shares since Hurd resigned, specifically his business acumen which revitilised HP and cut their costs significantly.

Mark Hurd - Ex HP CEO

Hurd made a statement yesterday saying “I believe Oracle's strategy of combining software with hardware will enable Oracle to beat IBM in both enterprise servers and storage”.

KitGuru says: This seems like a very positive move for Oracle who will utilise the considerable skill set of the EX HP CEO.

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