Oracle Replaces Top Executives At PeopleSoft - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

Oracle Replaces Top Executives At PeopleSoft

Oracle Corp. wasted little time cleaning house in its takeover of PeopleSoft Inc., removing four top executives from the latter's ranks and replacing them with Oracle executives.

Oracle Corp. wasted little time cleaning house in its takeover of PeopleSoft Inc., removing four top executives from the latter's ranks and replacing them with Oracle executives, according to a regulatory filing by Oracle.

Out were co-presidents Kevin Parker and Phillip Wilmington, replaced by Safra Catz and Charles Phillips. Also removed from their PeopleSoft positions were executive vice president and chief marketing officer Nanci Caldwell and James Shaughnessy, senior vice president, general counsel, and secretary.

Harry You, chief financial officer at Oracle, will takeover the same financial post at PeopleSoft and Daniel Cooperman will become PeopleSoft's new general counsel and secretary--positions he held at Oracle.

Earlier in the week, PeopleSoft's founder and chief executive David Duffield resigned. Oracle's 18-month hostile battle to takeover PeopleSoft ended earlier this month when PeopleSoft agreed to be taken over for $26.50 a share.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
IBM Puts Red Hat OpenShift to Work on Sports Data at US Open
Joao-Pierre S. Ruth, Senior Writer,  8/30/2019
Slideshows
IT Careers: 10 Places to Look for Great Developers
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/4/2019
Commentary
Cloud 2.0: A New Era for Public Cloud
Crystal Bedell, Technology Writer,  9/1/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Data Science and AI in the Fast Lane
This IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report today!
Slideshows
Flash Poll