Infor, a maker of software applications for the midmarket industry names former Oracle president Charles Phillips as its new CEO.
Former Oracle president Charles Phillips has been named CEO
, a maker of business software for
Phillips, who stepped
down as president of Oracle
in September and was promptly replaced by
ousted HP CEO Mark Hurd, will also serve on
the Infor board of directors.
The board of directors of Infor, the leading provider of business
applications to midsize companies, today announced that it has named Charles
Phillips as chief executive officer and a member of the board of
Meanwhile, Jim Schaper, Infor's current chairman and CEO,
will remain chairman of the company and continue to play a critical role in the
company's strategic development, Infor said in a press release. Schaper also
will serve as a senior operating partner at Golden Gate Capital, Infor's
"Charles Phillips is a proven executive who brings Infor the diverse
skill set, direct industry experience, and track record of performance
necessary to lead the company to continued growth," Schaper said in a
statement. "He is a true visionary in the technology industry and has a
unique perspective drawn from his experience at one of our leading industry
peers, in addition to his years on Wall Street."
Phillips has more than 20 years of leadership experience in the software
industry, most recently as president and director of Oracle. At Oracle,
Phillips led the company's field organization and oversaw revenue growth of
nearly 300 percent during his seven-year tenure at the firm. He also played a
key role in Oracle's successful acquisition strategy, including specific
transactions such as BEA Systems, Hyperion Solutions and Siebel Systems.
"Infor has quietly built the third-largest enterprise applications
company in the world, with 59 percent compound annual revenue growth over the
last seven years, higher margins than eight of the top 10 application
companies, and a track record of leading innovation," Phillips said in a
statement "With over 70,000 customers in 125 countries, including
divisions of large corporations, Infor is poised for growth as the next
generation platform ships in January. The company's laser focus on understanding
and automating complex business processes, along with its commitment to
constant innovation, has served customers well. I am eager to lead this proven
team of over 8,000 employees through its next phase of growth. In a
consolidating industry, Infor has proven acquisition expertise, having
successfully integrated over 70 companies."
David Dominik, managing director of Golden Gate Capital, said, "Jim
Schaper has been instrumental in growing Infor to a global company with nearly
$2 billion in annual revenues today. We welcome Charles' tremendous management
experience at a leading public global technology company and look forward to
supporting him as Infor accelerates its growth initiatives and unveils new
products and services."
Infor officials said Phillips joins Infor at a key inflection point in the
company's trajectory, with the next generation of applications shipping in
January. Infor ION will provide common
workflow, business process monitoring and management across Infor applications,
whether on premises or in the cloud. In addition, the company will ship its
applications with a common user interface, portal, business intelligence tools
and collaboration technologies to incorporate services from all of its major
Prior to joining Oracle, Phillips was a managing director at Morgan Stanley,
covering the software sector. He also served as a captain in the U.S. Marine
Corps before starting his Wall Street career.