April 25, 2011 – BOSTON (Reuters) - Oracle Corp has replaced its chief financial officer less than three years after he joined the company, tapping President Safra Catz to assume the duties of CFO.
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The company said on Monday that CFO Jeffrey Epstein resigned, but did not give a reason. Epstein, who joined Oracle in September 2008, could not immediately be reached for comment.
Catz, who has been a president of Oracle since 2004, concurrently served as chief financial officer from November 2005 to September 2008.
Oracle shares fell 1.1 percent to $34.40 in extended trade.
(Reporting by Jim Finkle; editing by Carol Bishopric)