Is Charles Phillips leaving Oracle?

Analyst firm Wedge Partners says the Oracle co-President is close to leaving, but Oracle says it isn't so

Oracle co-President Charles Phillips may soon be leaving the company after some public missteps and a recent change in Oracle's upper management, a financial analyst company said Wednesday in a research note to its clients.

Oracle recently replaced Phillips as head of its global business units with Bob Weiler, the former CEO of life sciences software vendor Phase Forward, which Oracle acquired earlier this year, according to a research note from Wedge Partners.

The business units cover industry verticals such as utilities, banking and retail, and are often formed after Oracle makes an acquisition to help it tackle a particular market. The management change would leave Phillips responsible only for Oracle's sales and marketing and is a sign that he "may be moving on," said Wedge Partners analyst Ryan Hunter.

Oracle confirmed the management change but said there was no truth to the "speculation" that Phillips is leaving. The global business units do product engineering work and the changes were made to bring that work under the purview of Chairman and CEO Larry Ellison, to whom Weiler now reports, an Oracle spokeswoman said.

Phillips still has significant responsibilities at the company, she said.

Clouds gathered over Phillips after a bizarre incident earlier this year when billboards appeared in U.S. cities showing romantic photographs of him with a woman who was not his wife. Phillips acknowledged later that he had been having an affair, which he said was over, and the photographs were seen as an attempt by the woman to embarrass him.

Then in July, Phillips caused a stir when he said at a technology conference that Oracle planned to spend $70 billion in acquisitions over the next five years, which would be a sharp increase in its already aggressive acquisitions budget. Oracle dismissed the suggestion in a blunt statement that some saw as a public rebuke.

A former investment banker at Morgan Stanley, Phillips was hired by Oracle in 2003 to oversee the company's acquisition strategy. Since then, Oracle has acquired some 60 software companies and spent more than $30 billion.

Oracle's other co-president is Safra Catz, who was hired in 2004 and handles largely financial and legal matters. Last year she helped negotiate Oracle's purchase of Sun Microsystems with the European Union. Both executives report to Ellison.

If Phillips were to depart it is unclear who would take over Oracle's sales and marketing, Wedge Partners said. One name that has been floated as a potential Oracle hire is former HP Chairman and CEO Mark Hurd. Ellison is said to be friends with Hurd and defended him after his dismissal from HP, calling the HP board "cowardly."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Oraclebusiness issuespersonnelWedge Partners

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

James Niccolai

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?