RealTime IT News

Former Microsoft Exec is Oracle's CFO

Gregory Maffei is taking his finance experience with Microsoft and heading over to Oracle .

The enterprise database company said Maffei will take over as CFO as of July. He will also oversee Oracle's legal department, human resources, manufacturing and distribution and global real estate.

The former CFO for Microsoft from July 1997 to January 2000 said he is thrilled about the new position.

"Oracle is one of the premier technology franchises on the front end of an extremely strong product cycle. I am excited to help lead the company during this next round of growth."

He will share president duties with Charles Phillips and Safra Catz. Catz, who has been Oracle's CFO since the March departure of former CFO Harry You, is responsible for global operations while Phillips runs global field operations including sales, marketing alliances and corporate strategy.

The three report to Larry Ellison, Oracle's CEO.

Maffei leaves his position as chairman and CEO of 360networks, where he has worked since leaving Microsoft in January 2000. The company is a regional fiber optic network provider to telephone companies, businesses and federal agencies. He has also served as chairman of the board for Expedia before it was bought up by USA Interactive in March 2003.

360networks officials were not available for comment on Maffei's departure. The company's Web site still displays Maffei as chairman and CEO.

Maffei joins Oracle at a time when it is working hard to assimilate several recent high profile acquisitions into its software stack.

The software company picked up data management provider TimesTen earlier this month to move more into the financial services and telecommunications market. More notable has been Oracle's bitter and strung out acqusition of PeopleSoft in January. The company also won in a bidding war with SAP to purchase retail software vendor Retek in March.

Larry Ellison, Oracle CEO, said Maffei's experience will help the company moving forward.

"Greg is an exceptional executive with a wealth of experience in the software and telecommunications industries," he said in a statement. "The entire senior management team is looking forward to working with Greg."