Oracle appointed 52 year old Jeff Epstein as Executive Vice President and CFO of the company. He will report to Co-President Safra Catz, who had held the finance post for three years. Interestingly, two CFOs quit Oracle within a year. Before joining Oracle as CFO, Jeff had worked as CFO of Oberon Media which is a private Internet game technology provider and publisher. Also, he has worked with DoubleClick, King World Productions and ADVO.
This Redwood City, California-based company recently faced successive resignations from CFOs. Earlier, in November 2005 Greg Maffei, a former Microsoft Corp executive resigned unexpectedly within five months after joining the software maker. According to a trade analyst, the change would not make too much sense since Safra Catz will continue to have control on finance department.
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