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Form 8-K · Current Report · Filed 2025-01-13

Oracle Executive Vice President to Retire

Edward Screven, Oracle Corporation's Executive Vice President and Chief Corporate Architect, announced his intention to retire by the end of February 2025 after 38 years with the company.

Filer
Oracle Corporation ORCL · NYSE
Filed
Accession
0001193125-25-005333
CIK
0001341439
Signal
High impactTechnology

Details

He will assist in the transition of his duties and continue to serve on the Board of Directors of Ampere Computing Holdings LLC.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Key Executive Departure

Market reaction

Close before filing

$154.50

Next session

+1.2%

Since filing

-15.9%

Latest close

$129.87

What happened, not what will happen — closing prices around the filing date.

About Oracle Corporation

Oracle Corporation is a global leader in enterprise software, cloud services, and database technology. The company specializes in developing solutions that help organizations manage and optimize business processes and data storage. Known for its powerful Oracle Database, Oracle provides a comprehensive suite of software such as Oracle Cloud Infrastructure, Fusion ERP, HCM Cloud, and MySQL. These services cater to various industries, including financial services, healthcare, retail, and government sectors. Oracle's focus on cloud technology and integrated software solutions plays a crucial role in helping businesses transition to digital operations. Additionally, Oracle's robust portfolio supports mission-critical processes for Fortune 500 companies, making it a cornerstone in the tech industry. Founded in 1977 and headquartered in Austin, Texas, Oracle Corporation continues to drive innovation in database management and cloud computing, consolidating its market significance as a pivotal provider of IT solutions globally.

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