Oracle?s Chief Marketing Officer Mark Jarvis has quit after 14 years with the company, leaving newcomer Chuck Phillips with an increased powerbase within the company.
Jarvis? position had looked increasingly under pressure in recents months with at least one other Oracle senior executive Sohaib Abassi lined up to take over.
Once seen as CEO Larry Ellison?s right hand man, Jarvis had been marginalised by the appointment of former Wall Street analyst Phillips to the Office of CEO at Oracle. His conspicuously low key role at the recent Oracle AppsWorld in London further strengthened speculation that he would soon be out.
Phillips will assume marketing responsibility for the time being. An Oracle spokeswoman said the company did not know why Jarvis had quit, but that he was expected to take some time out. He is not immediately joining an Oracle rival.
Meanwhile Jarvis? old boss Ellison has bumped up his 25 per cent ownership of Oracle with the granting of 900,000 new stock options. This is the first time since fiscal 2000 that Ellison has taken options.
Ellison received no salary or bonus in the fiscal years 2001, 2002 and 2003, but he did receive benefits such as the use of a corporate jet and "personal fitness expenses" totaling $81,567 during 2001 and 2002.
Other senior executives also took home an options bonus. Chief Financial Officer Jeff Henley and executive vice presidents Safra Catz, Keith Block, Ron Wohl, Derek Williams and Sergio Giacoletto each received options for 700,000 shares. Executive Vice President Mike Rocha received 600,000 options, and General Counsel Daniel Cooperman received 200, 000.