Larry Ellison to Step Aside as Oracle CEO
Oracle Corp. said its founder, Larry Ellison, will step aside as chief executive from the company he started in 1977 and built into one of the world's biggest technology companies.
Mr. Ellison will take over the role of chief technology officer and take over as chairman of Oracle's board. His CEO duties will be split between two of his current lieutenants, Safra Catz and Mark Hurd, who will become co-CEOs.