Oracle software software: Oracle’s chief exec resigns, company says

Oracle Software, the company that runs the world’s most popular software suite of databases, has announced the departure of chief executive Greg Gianforte.

Gianforte, a Republican who served in the U.S. House of Representatives from Montana for 20 years, said he had decided to step down, a move he announced in a statement Monday.

“While I remain committed to our mission of delivering world-class products and services, I have decided to take a more active role in helping Oracle deliver on that mission,” Gianfortes statement said.

Oracle, which is based in Sunnyvale, California, said it had hired David Gwynn, an analyst who has worked at Oracle since 2006, to replace Gianfortey.

Gwynn will serve as a consultant and is expected to report directly to Gianfortefe.

He joined Oracle in February 2018.

Oracle shares were down more than 1 percent at $99.80 in premarket trading.

Shares of Oracle were up about 1.4 percent at the close.

Oracle Software, the company that runs the world’s most popular software suite of databases, has announced the departure of chief…