Safra A. Catz

Last updated on 17 September 2017

Safra Catz (Hebrew: צפרא כץ, born December 1, 1961) is an Israeli-born American business executive. She has been an executive at Oracle Corporation since April 1999, and a board member since 2001. In April 2011 she was named co-president and chief financial officer, reporting to founder/CEO Larry Ellison.[3] On September 18, 2014 Oracle announced that Larry Ellison will step down as CEO and that Mark Hurd and Safra Catz have been named as the new CEOs.[4]

Safra A. Catz
Safra Catz.JPG
Catz in 2010
Born (1961-12-01) December 1, 1961
Holon, Israel
Alma mater University of Pennsylvania
Occupation Co-CEO of Oracle
Salary US$53.2 million (2014)[1]
Net worth US$510 million (2016)[2]
Spouse(s) Gal Tirosh
Children 2

Career

Catz earned a bachelor's degree from the Wharton School of the University of Pennsylvania in 1983 and a J.D. from the University of Pennsylvania Law School in 1986.[5][6] She was a banker at Donaldson, Lufkin & Jenrette,[7] joining in 1986; Catz served as a managing director from February 1997 to March 1999 and a senior vice president from January 1994 to February 1997 and previously held various investment banking positions since 1986. She has been a non-executive director of Hyperion Solutions since April 14, 2007.[8] She has been a member of the executive council of TechNet since March 14, 2013. She served as a director of PeopleSoft Inc. since December 30, 2004 and Stellent Inc. since December 12, 2006.

Catz joined Oracle Corporation in April 1999.[3] Catz became a member of the company's Board of Directors in October 2001 and President of Oracle Corporation in early 2004.[3][9] She is credited for having driven Oracle's 2005 efforts to acquire software rival PeopleSoft in a $10.3 billion takeover.[7] Catz is also the company's Chief Financial Officer, serving temporarily in that role from November 2005 to September 2008, and from April 2011 to the present.[3] Mark Hurd joined her as Co-President in 2010.[3]

In 2009 she was ranked by Fortune as the 12th most powerful woman in business.[10] In 2009 she was also ranked by Forbes as the 16th most powerful business-woman.[11] In 2014, she was ranked at #24.[12] According to an Equilar analysis published by Fortune, she was in 2011 the highest-paid woman among Fortune 1000 companies, receiving an estimated US$51,695,742 in total remuneration.[13]

Catz is a lecturer in accounting at the Stanford Graduate School of Business.[14] Catz was a director of HSBC Group from 2008 to 2015.[15]

After the election of Donald Trump, Catz was one of several high-profile CEOs, including, among others, Tim Cook, Sheryl Sandberg and Jeff Bezos, invited to talk with the then president-elect about potentially taking up a position in the incoming administration.[16] According to Bloomberg, she was considered for the post of U.S. Trade Representative or Director of National Intelligence.[16]

Catz is the highest paid female CEO of any U.S. company as of April 2017, earning $40.9 million after a 23% drop in her total compensation relative to 2016.[17]

Personal life

Catz was born in Holon, Israel,[5] to Jewish parents.[18][19] Her father was an immigrant from Romania.[20] She moved from Israel to Brookline, Massachusetts at the age of six. She graduated from Brookline High School.[10] Catz is married to Gal Tirosh and has two sons, Scott and Gary.[5]

References

  1. ^ Site built by: Salary.com. "Compensation Information for Safra A. Catz, Chief Executive Officer of ORACLE CORP - Salary.com". Salary.com.
  2. ^ "Safra Catz". Forbes.
  3. ^ a b c d e Oracle Co-President Safra Catz Adds CFO Duties as Jeff Epstein Leaves, an April 25, 2011 article from allthingsd.com
  4. ^ "Oracle Board Appoints Larry Ellison Executive Chairman and CTO. Safra Catz and Mark Hurd Appointed CEO". Oracle Corporation. Retrieved 18 September 2014.
  5. ^ a b c Rochelle Garner (2006-12-19). "Heir apparent at Oracle is credited with growth strategy". International Herald Tribune.
  6. ^ "Oracle's enforcer – Safra Catz".
  7. ^ a b Safra Catz from the Forbes 2005 list of The Most Powerful Women. Retrieved 2012-09-30.
  8. ^ "ORCL Safra Ada Catz Insider Trades for Oracle Corp". marketwatch.com.
  9. ^ Safra A. Catz | Executive Biography from Oracle.com
  10. ^ a b Lashinsky, Adam (September 28, 2009). "The Enforcer". Fortune. 160 (6): 117–124.
  11. ^ "The 100 Most Powerful Women". Forbes.com. August 19, 2009.
  12. ^ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 24 June 2014.
  13. ^ "25 highest-paid women – Safra A. Catz". Fortune. CNNMoney. September 27, 2012. Retrieved 2012-09-30.
  14. ^ "Stanford GSB: Safra A. Catz". Retrieved 2016-03-02.
  15. ^ Szu Ping Chan and Tim Wallace (13 November 2015). "HSBC board shake-up brings former Diageo boss Paul Walsh aboard". Daily Telegraph.
  16. ^ a b "Trump Team Talked to Oracle's Safra Catz About an Administration Post". Bloomberg.com. 2017-04-12. Retrieved 2017-07-20.
  17. ^ Keitz, Anders (2017-04-23). "Oracle's Safra Catz is Highest Paid Female CEO". TheStreet. Retrieved 2017-07-20.
  18. ^ Ruth Eglash (August 23, 2012). "Jewish women who rule! (according to Forbes)". Jpost. Retrieved 10 September 2013.
  19. ^ Jewish Voice New York: "The World’s Most Powerful Jewish Women" By Jen Levey September 5, 2012
  20. ^ Chirileasa, Andrei (May 20, 2014). "Oracle CFO Safra Catz announces expansion outside Bucharest, reveals Romanian origins". Romania-Insider.com. Retrieved March 10, 2015.

External links

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