Business

End of era: Ellison steps aside as Oracle CEO

By Michael Liedtke
Published September 18, 2014 11:48pm ET
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End of era: Ellison steps aside as Oracle CEO
FILE - In this Oct. 2, 2012 file photo, Oracle CEO Larry Ellison gestures while giving a keynote address at Oracle OpenWorld in San Francisco. Oracle says Ellison is stepping aside as CEO of the company he founded. The business software maker promoted Safra Catz and Mark Hurd to replace him as co-CEOs. (AP Photo/Eric Risberg, File) | Eric Risberg

SAN FRANCISCO (AP) — Oracle co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colorful reign marked by his flamboyant behavior and outlandish wealth amassed while building one of the world’s best-known technology companies.

With the changing of the guard announced Thursday, Ellison will be handing over his job to his two top lieutenants, Safra Catz and Mark Hurd, who become co-CEOs.

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