The news that Charles Phillips is cutting off its seven-year presidency in Oracle to make way for the company’s new President dropped like nuclear bomb. A lot of people are questioning this event considering that Oracle has done rally good during Phillips’ tenure in the company. He has been well-known in the industry as a man who waits for no one. He makes decisions fast and makes sure that these decisions are ladders to help achieve a specific goal. Left and right, he has done numerous acquisitions of the company.
According to the news, Charles Phillips Oracle’s former president will be moving to Infor, an enterprise resource planning software provider to mid-sized companies. Infor’s current CEO Jim Schaper, will still remain as the Chairman to make way for Phillips for the Chief Executive position and will also be a member of the board. With that, people are expecting that there will be a lot of changes for Infor since Phillips will have a lot of say in everything regarding the planning and operation of the company.
To quench the thirst of people who are dying to know what had happened in the IT world that sudden executive switches are continually taking place, Infor Chairman Jin Schaper explains that his company is actually looking for a new COO. However, when he heard that Phillips has already resigned from Oracle, with a reason not disclosed to the public, then he immediately decided that the COO position can be forgotten and instead hire Phillips as the new CEO, to which the latter has responded positively.
Now that acquisition expert and technology trendsetter Charles Phillips on the battlegrounds for Infor, expect that the company will soon break out of the radar and be more mainstream. Despite being a discreet company, Infor is actually the third largest company in the world in its industry. However, knowing that Phillips is not such a fan of just being the second best, Infor will surely be superpower anytime soon.
Latest news picked up from Infor is that it is cutting down costs that Phillips think are not necessary and is weighing the company down for no apparent reason. He also made it his goal to move Infor’s headquarters to Silicone Alley in New York. Last heard about Infor is that the company is silently devising a new business tool set of various software that Infor has and pack it all in one set which will be called the Infor10, the latest business technologies that the corporate world will ever see this 2011. The company must be keeping their fingers crossed.