Charles Phillips, a noted software industry analyst at Morgan Stanley, plans to leave the investment firm to join Oracle as executive vice president in the office of the CEO, Oracle said Friday.
Phillips will report directly to Oracle Chairman and CEO Larry Ellison as a member of the Redwood Shores, Calif.-based software vendor's Executive Management Committee. Oracle said Phillips' responsibilities will center on customer-oriented activities, partners, corporate strategy and business development.
Phillips, who joined Morgan Stanley's Institutional Securities Division in December 1994, has analyzed the enterprise software industry since 1986 and has been ranked as the No. 1 analyst in that sector by Institutional Investor magazine each year since 1994. He holds computer science, finance and law degrees and has been named as one of the top 50 black professionals on Wall Street by Black Enterprise Magazine.
"Chuck's market perspective and strong relationships with CEOs, CFOs and CIOs across industries will be of enormous benefit to Oracle and our customers," Ellison said in a statement. "We are constantly looking to increase our customer focus and enhance customer interaction throughout our business, and Chuck is uniquely qualified to drive improvements in these areas."