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Oracle chairman says no plans for new co-CEO

Reuters
FILE PHOTO: An exterior view of the Oracle Field Office in Arlington, Virginia.

(Reuters) - Oracle Corp <ORCL.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.

(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)