Charles Phillips Oracle president had resigned. His resignation reached Larry Olsen, the CEO of Oracle on December of 2009 when Charles approached him and told him about his desires to move out of the company. Larry had asked Charles to stay a little longer or at least until the Sun Integration is over. Charles left the company on September the following year and he will be missed by Oracle but Larry respected his decision to leave. His resignation had reached the news which is not at all shocking because Mr. Phillips is a well known man in the software industry. His arrival to Oracle was an exciting break for Oracle and his departure is sad but accepted. His position will be taken over by a good friend of Larry Olsen, a former CEO of Hewlett-Packard, Mark Hurd.
The departure of Charles Phillips, Oracle former President is good news for Infor. They heard about his intention of leaving Oracle and their CEO Jim Schaper made an offer to Mr. Phillips. At first Jim was looking for a person to be the COO of the company but that all changed because Mr. Phillips was readily available to join another company. He’s too good to miss out on and so Jim Schaper offered the CEO position to him while he will retain his Chairman post in the board where Mr. Phillips will also be a board member.
Charles Phillips, Oracle new produced CEO is thankful to the Board of Directors of Oracle for the great opportunity that was given to him. He is honored to have worked with his co-president Safra Cats and the many employees of Oracle worldwide. He believes that the success of Oracle when he was part of the company did not just become a reality because of him but because of the many committed individuals in the team that worked together to reach the success that they were able to achieve. He was excited to join Infor because it is a rare opportunity to be given the CEO position for a company with the real scale as that of Infor. Infor is a 2 billion dollar annual revenue company that had only been in the business for 8 years. They’ve been targeting mid-sized companies which are why they had reached the 2 billion dollar mark. Other software companies are trying to go to the med-sized companies market but not everyone is successful. Infor was built to actually serve the mid-sized companies and this, according to Phillips is really hard to do. But, Infor did it and now with the addition of Mr. Phillips, a lot are to be expected from Infor. Jim and Charles together can make the future of infor a lot brighter especially with their plan of going public.



