The end of an era signaled for her Oracle the departure of Larry Elizon from the position of CEO on Thursday, which marked the end of a term considered one of the most successful in business history.
Ellison has served as CEO since 1977, the year in which he founded the company. Oracle, within a period of 35 years, under the leadership of the now 70-year-old Ellison, evolved into one of the largest businesses database software in the world and one of the largest suppliers business programs.
Larry Ellison is considered one of the most iconic figures of Silicon Valley visionaries, equivalent to Steve Jobs and Bill Gates. According to the company, he will be replaced by Safra Katz and Mark Hurd, previously vice presidents, who will assume the duties of managing directors. Ellison will assume the role of chairman of the board and chief technology officer officer the company's.
It is worth mentioning that the eccentric billionaire (his fortune is estimated at 51,4 billion dollars) was a close friend of Steve Jobs, and is thought to be a figure inspired to portray him Iron Man by Robert Downey Jr. in the homonymous films (note that he has made a cameo pass to Iron Man 2).
Source: naftemporiki.gr