News Stay informed about the latest enterprise technology news and product updates.

Oracle CFO resigns

Jeff Epstein has resigned as Oracle Corp.’s CFO.

The news was disclosed in a brief release issued Monday afternoon. No reason was given for Epstein’s departure. Safra Catz, Oracle co-president (with Mark Hurd) will assume the CFO role in addition to her other duties, according to the statement.

Not to belabor the point, but it’s not good when the CFO of a gigantic publicly-held company resigns without explanation. In the statement, Oracle  CEO Larry Ellison Oracle board chairman Jeff Henley did thank Epstein for his service.

The change comes as Oracle is struggling to digest its purchase of Sun Microsystems, and to adjust to becoming a hardware supplier.

 

(EDITOR’S NOTE/UPDATE 4/26/2011: Epstein might be headed to Infor.)

 Let us know what you think about the story; email Barbara Darrow, Senior News Director at bdarrow@techtarget.com.

Check out more IT channel news on SearchITChannel.com and follow us on Twitter!

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

MicroscopeUK

SearchSecurity

SearchStorage

SearchNetworking

SearchCloudComputing

SearchDataManagement

SearchBusinessAnalytics

Close