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Israeli-born woman to replace Larry Ellison as head of Oracle

Oracle headquarters in Redwood City, Calif. Credit: Håkan Dahlström via Wikimedia Commons.

Oracle headquarters in Redwood City, Calif. Credit: Håkan Dahlström via Wikimedia Commons.

(JNS.org) Israeli-born Safra Catz is set to replace Oracle Corporation founder and multi-billionaire Larry Ellison, who announced he is stepping down on Thursday, as the tech company’s new co-CEO along with Mark Hurd.

In a press release, Oracle said Catz will be responsible for all manufacturing, finance, and legal decisions, while Hurd, who previously served as co-president with Catz, will lead sales, services, and the global business units.

Ellison, who is also Jewish and is the world’s fifth-richest man ($49 billion), will continue as chairman of Oracle.

Catz was born in Holon, Israel, in 1961 and moved to U.S. when she was 6, obtaining a degree from the Wharton School of the University of Pennsylvania as well as University of Pennsylvania Law School. An executive at Oracle since 1999, she has played a key role in many of the company’s key mergers and acquisitions and last year was reportedly the highest-paid female executive in the world, making $44.3 million.

Based in Redwood City, Calif., Oracle is the world’s second-largest software maker by revenue after Microsoft.

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Posted by on September 20, 2014. Filed under Breaking News,Israeli News,Jewish News,Slider. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.