Oracle chairman says no plans for new co-CEO

(Reuters) – Oracle Corp (N:) Chairman Lawrence Ellison said on Thursday the business software maker had no plans to hire a new co-chief executive officer.

Safra Catz has been heading the company since the other co-chief Mark Hurd died in October.

“How is our search going for the new — for a second CEO? We don’t have one. We have no plans for having a second CEO,” Ellison said on a conference call with analysts.

“We’re hiring a bunch of people at the next layer down who are potential CEOs when both Safra and I retire, which is not anytime soon,” he added.

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