Oracle Hires Former HP CEO Hurd

Oracle has hired former HP CEO Mark Hurd as its new co-president and member of the board of directors.

Hurd, who is a close friend of Oracle CEO Larry Ellison, has replaced Charles Phillips, who recently resigned from the position and given up his seat on the board.

Mark Hurd was forced to quit HP following allegations of sexual harassment from an HP contractor had surfaced and the revelation that he had submitted falsified expense claims to cover up the suspected relationship

At the time, Ellison had slammed HP's board of directors for ousting a CEO as accomplished as Hurd.

In a statement to the Associated Press, Ellison said: “Mark did a brilliant job at HP and I expect he'll do even better at Oracle. There is no executive in the IT world with more relevant experience than Mark. Oracle's future is engineering complete and integrated hardware and software systems for the enterprise.”

Hurd will work alongside another Oracle co-president Safra Catz and report directly to Larry Ellison.