Maffei, Oracle's third CFO in less than two years, says his resignation "is not a reflection" on Oracle or its management
Oracle just can't seem to hang onto its chief financial officers.
Thursday the software company disclosed that CFO and co-president Greg Maffei is leaving Oracle after only about five months on the job. Maffei's predecessor, Harry You, left the job in March after only eight months.
Oracle announced Maffei's departure in a brief statement that quoted CEO Larry Ellison as saying: "Greg has told us he's looking at a terrific professional opportunity." Maffei was quoted as saying that his resignation "is not a reflection on the company, its executives, or employees." No other details were disclosed.
Maffei's appointment was announced June 24, although he started in the position shortly before then. Maffei previously held the CFO post at Microsoft where he worked from 1997 to 2000. After that he was CEO of 360Networks Corp., a fiber-optic networking company.
You was named CFO in July 2004 and left in March to take the CEO job at consulting and outsourcing-services company BearingPoint. You, in turn, replaced long-time CFO Jeff Henley who became Oracle's chairman in early 2004.
Oracle said Maffei would remain with the company until Nov. 15, after which his CFO duties will be taken over by co-president Safra Catz.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
IT Strategies to Conquer the CloudChances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.