Oracle Officers Take Over PeopleSoft Posts

The replaced PeopleSoft executives are Co-President and Chief Financial Officer Kevin T. Parker, Co-President W. Phillip Wilmington, Executive Vice President and Chief Marketing Officer Nanci Caldwell, and James P. Shaughnessy, senior vice president, general counsel and secretary.

Safra Catz and Charles E. Phillips Jr. were named as co-presidents, Harry L. You as financial chief and Daniel Cooperman as senior vice president, general counsel and secretary, according to the Securities and Exchange Commission filing. They each hold the same posts at Oracle.

The move comes after Oracle said it had taken control of PeopleSoft and appointed four people to PeopleSoft's board, giving it a majority. PeopleSoft also said this week that its chairman and chief executive, David A. Duffield, resigned.

Earlier this month, Pleasanton, Calif.-based PeopleSoft agreed to be acquired by Oracle for $26.50 a share, ending an 18-month hostile battle.

Copyright © 2004 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.