Oracle CEO Scott McNealy will join Oracle’s board as its chief executive, Oracle announced Tuesday.
McNealy is currently Oracle’s chief operating officer, overseeing business development and technology, finance, finance and operations, information technology and information services.
He was the chief operating and strategic officer for Oracle from 2012 until his appointment to Oracle’s Board of Directors last July.
« Scott has the breadth of experience to lead the next generation of Oracle and its customers, and his background in finance, technology and data analytics will be very helpful to our strategic and operational team, » said Oracle CEO Larry Ellison.
« Oracle is in the midst of an unprecedented growth cycle, and I’m proud to have him join us. »
McNeal, who is also Oracle’s president and CEO, will serve as Oracle’s interim chief operating officers.
Oracle CEO Larry Page said that the new executive will join a company that is in an unprecedented period of growth and opportunity.
« I’m excited to have Scott join Oracle as its next CEO, » Page said in a statement.
« I look forward to building on his experience and his strong understanding of Oracle’s business, including the impact Oracle’s success has on society. »
McNeal’s appointment comes amid growing concern over Oracle’s ability to continue its explosive growth trajectory without sacrificing the security and integrity of its core software and services.
Oracle’s financials have taken a hit in recent years as its software platform has been targeted by malware attacks, and its revenue has been steadily declining.
Oracle has been under a firestorm of scrutiny from investors and analysts for the way it has handled the release of the software platform Oracle Java SE 7, which was used to build its database platform and to create Oracle’s Java-based platform.
Oracle faced a similar firestorm last year after its chief financial officer, Michael Moritz, was accused of using Oracle’s software to install malware on a company server and steal proprietary data.
Oracle has denied the allegations and said that Moritz has since been suspended from his job.
Oracle Chief Executive Officer Larry Ellison was asked about the security concerns in the release and what the company can do to mitigate the risks, and he said that he and his team have « been working tirelessly to build a more secure Oracle. »
Ellison said that Oracle is working on a security plan to ensure that Oracle will continue to be a leader in security.