Oracle names Hurd new president

Oracle (NASDAQ: ORCL) today named ex-HP CEO Mark Hurd as its new president, reporting to CEO Larry Ellison.
“Mark did a brilliant job at HP (HPQ) and I expect he’ll do even better at Oracle,” says Ellison in a statement. “There is no executive in the IT world with more relevant experience than Mark. Oracle’s future is engineering complete and integrated hardware and software systems for the enterprise. Mark pioneered the integration of hardware with software when Teradata was a part of NCR.”
“I believe Oracle’s strategy of combining software with hardware will enable Oracle to beat IBM in both enterprise servers and storage,” says Hurd. “Exadata is just the beginning. We have some exciting new systems we are going to announce later this month at Oracle OpenWorld. I’m excited to be a part of the most innovative technology team in the IT industry.”
Charles Phillips resignation as Oracle president was also announced at the same time, following his apparent desire to “transition out of the company”, according to a statement.