Oracle Names New CFO

 
 
By Renee Boucher Ferguson  |  Posted 2004-07-13 Email Print this article Print
 
 
 
 
 
 
 

The company has hired Accenture's Harry You as its new chief financial officer, allowing former CFO Jeff Henley to concentrate more fully on his new role as chairman of the board.

Oracle Corp. has named a new chief financial officer, allowing former CFO Jeff Henley to concentrate more fully on his new role as chairman of the board. Redwood Shores, Calif.-based Oracle announced this morning that Harry You has taken the CFO role, left open last January when Henley was named to the Chairmans role.
Hired away from the CFO spot at technology consulting firm Accenture Ltd., You led that company through its transition to a public company during his three-year tenure there. At Oracle, at least one of Yous responsibilities will be to act as the point person for Oracles alliance partnership with Accenture, officials said.
You will report to Oracle CEO Larry Ellison. Prior to joining Bermuda-based Accenture, You was a managing director with Morgan Stanley, a subsidiary of Morgan Stanley & Co. Inc., and the senior vice president of the General Industrial Group at Lehman Brothers Inc. Before that, You worked as vice president at Salomon Brothers Inc., where he ran the companys Korea office. During the early years of his career, You worked as an economist and Assistant to the Director at the International Monetary Fund in Seoul, Korea, and as a Federal Reserve Liaison for the U.S. Department of Treasury.
Even with his background—and degrees from Harvard College and Yale University—You has big shoes to fill. He steps into a role that was held by Henley for 13 years, one that Henley relinquished only when he was named to the Chairmans position earlier this year. At the same time, You will have to contend with Oracles very public battle to acquire rival PeopleSoft Inc. for $7.7 billion, as well as with Oracles equally public goals of acquiring additional software companies. Oracles hostile takeover bid for PeopleSoft, of Pleasanton, Calif., has raised some ire. The U.S. Department of Justice is expected to make its closing remarks this week in its trial that seeks a federal injunction to block the deal. Judge Vaughn Walker is expected to announce his decision on the case sometime this fall. Check out eWEEK.coms Enterprise Applications Center at http://enterpriseapps.eweek.com for the latest news, reviews and analysis about productivity and business solutions.

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