Ellison Brings Hurd Into Oracle

Enterprise software giant Oracle Corp.on Tuesday announced it has hired former Hewlett-Packard CEO Mark Hurd as a co-president.
Hurd, who was fired from HP last month amid a sexual harassment scandal, was also named to Oracle’s board of directors. The company also announced that Charles Phillips, a co-president and a board member, has resigned from Oracle.

Oracle CEO Larry Ellison said in a statement that “Mark did a brilliant job at H-P and I expect he’ll do even better at Oracle.”

Oracle shares rose $1.72, or +7.5%, in premarket trading Tuesday.