CFO Harry You is leaving Oracle, after only eight months on the job, to become CEO of BearingPoint (formerly KPMG Consulting). The new position won't be a big adjustment for You: prior to taking the job at Oracle, he was CFO at Accenture, a major competitor to BearingPoint.
The timing of You's departure is not good for Oracle, as it is still digesting its acquisition of PeopleSoft and is in the middle of a bidding war with SAP for Retek. Oracle co-President Safra Catz, who already has a lot on her plate, will fill the CFO slot until a full-time replacement is found.
Because the major consulting firms, such as BearingPoint, have significant influence with large Oracle customers, it's important that Oracle maintain a positive relationship with You. CEO Larry Ellison said, "We wish Harry good fortune in his new job and look forward to partnering with him and BearingPoint for years to come."
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