Safra Catz

Safra Catz
Born (1961-12-01) December 1, 1961
Holon, Israel
Education University of Pennsylvania (BA, JD)
Occupation Co-CEO of Oracle
Salary US$53.2 million (2014)[1]
Net worth US$510 million (2016)[2]
Political party Republican
Spouse(s) Gal Tirosh
Children 2

Safra A. 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/CTO 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]

Early life

Catz was born in Holon, Israel,[5] to Jewish parents.[6][7] Her father was an immigrant from Romania.[8] She moved from Israel to Brookline, Massachusetts at the age of six.

Catz graduated from Brookline High School.[9] She 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][10]

Career

Catz was a banker at Donaldson, Lufkin & Jenrette,[11] 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.[12] 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][13] She is credited for having driven Oracle's 2005 efforts to acquire software rival PeopleSoft in a $10.3 billion takeover.[11] 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.[9] In 2009 she was also ranked by Forbes as the 16th most powerful business-woman.[14] In 2014, she was ranked at #24.[15] 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.[16]

Catz is a lecturer in accounting at the Stanford Graduate School of Business.[17] Catz was a director of HSBC Group from 2008 to 2015.[18]

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.[19] According to Bloomberg, she was considered for the post of U.S. Trade Representative or Director of National Intelligence.[19]

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.[20]

Catz was elected to the board of directors of The Walt Disney Company on December 7, 2017, effective on February 1, 2018.[21]

Personal life

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. 1 2 3 4 5 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. 1 2 3 Rochelle Garner (2006-12-19). "Heir apparent at Oracle is credited with growth strategy". International Herald Tribune.
  6. Ruth Eglash (August 23, 2012). "Jewish women who rule! (according to Forbes)". Jpost. Retrieved 10 September 2013.
  7. Jewish Voice New York: "The World’s Most Powerful Jewish Women" By Jen Levey September 5, 2012
  8. Chirileasa, Andrei (May 20, 2014). "Oracle CFO Safra Catz announces expansion outside Bucharest, reveals Romanian origins". Romania-Insider.com. Retrieved March 10, 2015.
  9. 1 2 Lashinsky, Adam (September 28, 2009). "The Enforcer". Fortune. 160 (6): 117–124.
  10. "Oracle's enforcer – Safra Catz".
  11. 1 2 Safra Catz from the Forbes 2005 list of The Most Powerful Women. Retrieved 2012-09-30.
  12. "ORCL Safra Ada Catz Insider Trades for Oracle Corp". marketwatch.com.
  13. Safra A. Catz | Executive Biography from Oracle.com
  14. "The 100 Most Powerful Women". Forbes.com. August 19, 2009.
  15. "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 24 June 2014.
  16. "25 highest-paid women – Safra A. Catz". Fortune. CNNMoney. September 27, 2012. Retrieved 2012-09-30.
  17. "Stanford GSB: Safra A. Catz". Retrieved 2016-03-02.
  18. Szu Ping Chan and Tim Wallace (13 November 2015). "HSBC board shake-up brings former Diageo boss Paul Walsh aboard". Daily Telegraph.
  19. 1 2 "Trump Team Talked to Oracle's Safra Catz About an Administration Post". Bloomberg.com. 2017-04-12. Retrieved 2017-07-20.
  20. Keitz, Anders (2017-04-23). "Oracle's Safra Catz is Highest Paid Female CEO". TheStreet. Retrieved 2017-07-20.
  21. James, Meg (December 7, 2017). "Disney adds two board members from tech world". The Los Angeles Times. Retrieved December 16, 2017.
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