Oracle replaces PeopleSoft co-presidents

By : |December 30, 2004 0

NEW YORK: Oracle Corp. has replaced PeopleSoft Inc.’s co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.

PeopleSoft Co-President and Chief Financial Officer Kevin Parker and Co-President Phillip Wilmington were replaced, PeopleSoft said in the filing from Thursday.

In their places, Oracle appointed Safra Catz and Charles Phillips as co-presidents and Harry You as CFO. Catz, 43, and Phillips, 45, have been co-presidents of Oracle since January 2004, while You, 45, has been Oracle’s CFO since July 2004.

PeopleSoft’s board earlier this month reluctantly agreed to a sweetened $10.3 billion buyout by Oracle, relenting after an 18-month takeover fight that included courtroom battles and the ouster of PeopleSoft’s chief executive.

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