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Dublin: 21.08.2014 11.02PM
The former president of Oracle Charles Phillips has been appointed CEO and board member at enterprise software giant Infor.
Phillips, who left Oracle prior to the appointment of former HP CEO Mark Hurd to the company, led Oracle’s 300pc revenue growth and spearheaded the company’s acquisition strategy that saw it buy BEA Systems, Hyperion and Siebel.
“Infor has quietly built the third-largest enterprise applications company in the world, with 59pc compound annual revenue growth over the last seven years, higher margins than eight of the top 10 application companies, and a track record of leading innovation,” said Phillips.
“With over 70,000 customers in 125 countries, including divisions of large corporations, Infor is poised for growth as the next-generation platform ships in January.
“The company's laser focus on understanding and automating complex business processes, along with its commitment to constant innovation, has served customers well. I am eager to lead this proven team of over 8,000 employees through its next phase of growth. In a consolidating industry, Infor has proven acquisition expertise, having successfully integrated over 70 companies.”
Jim Schaper, Infor's current chairman and CEO, will remain chairman of the company, and continue to play a critical role in the company's strategic development. Schaper also will serve as a senior operating partner at Golden Gate Capital, Infor's primary shareholder.
Schaper was instrumental in Infor’s expansion to become a global company with US$2bn in annual revenues.
“Charles Phillips is a proven executive who brings Infor the diverse skill set, direct industry experience, and track record of performance necessary to lead the company to continued growth,” said Schaper.
“He is a true visionary in the technology industry and has a unique perspective drawn from his experience at one of our leading industry peers, in addition to his years on Wall Street."
Phillips joins Infor at a key inflection point in the company's trajectory, with the next generation of applications shipping in January.
Infor ION will provide common workflow, business process monitoring and management across Infor applications, whether on premise or in the cloud.
In addition, the company will ship its applications with a common user interface, portal, business intelligence tools, and collaboration technologies to incorporate services from all of its major product lines.