Former HP CEO Hurd Lands at Oracle as Co-President
September 7, 2010
(ChattahBox Business News)—That didn’t take long. Mark V. Hurd, the former CEO, President and Chairman of Hewlett-Packard, who resigned from the computer giant last month embroiled in a sexual harassment scandal and expense report fudging, is now back on his feet as co-president of Oracle. Ironically, a spot on the board of directors opened up, after co-president Charles Phillips just announced his resignation. Phillips was recently forced to publicly admit to a eight-and-a-half-year extramarital affair, after his spurned mistress erected a series of giant billboards in three major cities with photos of his ex-mistress and Phillips in happier times. And so it goes.
Oracle’s chief executive Lawrence Ellison, a close friend of Hurd’s, released a statement praising the former HP executive.
“Mark did a brilliant job at H.P., and I expect he’ll do even better at Oracle,” Mr. Ellison said in the statement. “There is no executive in the I.T. world with more relevant experience than Mark.”
Hurd will join Safra A. Catz, as co-president of the database software giant. With Oracle’s recent acquisition of Sun Microsystems, Hurd and his new employers are on track to become a major competitor of HP’s in the hardware market.
The New York Times writes:
H.P. has long been one of Oracle’s largest partners in the business computing market. H.P. sells the computer servers and storage systems that customers use to run Oracle’s database software. But Oracle has just acquired Sun Microsystems, one of H.P.’s longtime rivals in the hardware market.
Mr. Hurd will bring his expertise running the largest computer hardware business on the planet to Oracle, where he may be able to revive the fortunes of Sun’s products at H.P.’s expense.
Hurd released a statement, saying “I’m excited to be a part of the most innovative technology team in the I.T. industry.”
Hurd resigned from HP last month, after Jodie Fisher, 50, a former HP marketing contractor and ex-soft porn actress hired celebrity lawyer Gloria Allred to file a sexual harassment claim against Hurd and HP. The company’s internal investigation found no evidence of sexual harassment, but discovered Hurd fudged his expense reports to hide a personal relationship with Fisher.