Larry Ellison, co-founder and longtime CEO of the software giant_Oracle, has stepped down from his post to assume the position of_executive chairman and chief technology officer. The move is effective immediately, CNBC reports. In his place will be two CEOs, Mark Hurd and Safra Catz, sharing the title and dividing responsibilities, the company said. Manufacturing, legal and finance will be run by Catz while_sales, service and business units will be run by Hurd. Ellison isn’t going anywhere, though. According to the report, he will still be working full time at the company in his new, lesser role, in charge of...
This story continues at The Next Web
The post Larry Ellison steps down as Oracle CEO, but stays with the company appeared first on The Next Web.



-->