The former president and director of Oracle, Charles Philips, took on the role of Chief Executive Officer at Infor, an IT company dedicated to the mid-market.
While at Oracle, Charles Philips coordinated the strategy that led the company to 300 percent growth in seven years and led acquisition processes such as the purchase of BEA Systems, Hyperion Solutions and or Siebel Systems.
Cited in the press release announcing the hiring, Charles Philips states that «Infor has quietly built the world’s third largest enterprise applications company, with 59 percent growth in annual revenue accumulated over the past seven years, higher margins than than 8 of the top 10 application companies and record-breaking innovation. «
Infor currently has 70,000 customers in 125 countries and has 8,000 employees. Over the past few years, and just as Oracle has done, it has pursued an acquisition strategy that has enabled it to integrate more than 70 companies.
Philips, which before Oracle had gone through Morgan Stanley and before that there was a captain in the North American Navy, will already be the new face of the company when, in January next year, it launches the next generation of solutions.
Jim Schaper, current chairman and CEO of Infor, remains a non-executive chairman.
It is recalled that the position held by Charles Philips at Oracle now belongs to Mark Hurd, a former HP CEO forced to resign following allegations of harassment and expense manipulation.
Editorial note: The news was corrected for wrongly designating Charles Philips as former Oracle CEO. The changes implied a change in the title and with that the comments associated with the news disappeared.