From the June 2011 issue of Treasury & Risk magazine

Financial Executives: Keeping Track

Safra Catz, Thomas Scalera, Aleem Gillani, Phil Gaines, Robert O’Shaughnessy, Barry Saunders

Oracle, the software company in Redwood Shores, Calif., said its president, Safra Catz, will take on the additional responsibilities of CFO. As finance chief, she replaces Jeff Epstein, Oracle’s CFO since 2008, who resigned in April. Catz, 49, has served as Oracle’s president since 2004. She was also the company’s CFO from November 2005 to September 2008, after having served as interim CFO from April to July 2005. Oracle had $26.8 billion in fiscal 2010 revenue.

ITT Corp., the $11 billion engineering and manufacturing company in White Plains, N.Y., named Thomas Scalera CFO. He succeeds Denise Ramos, who will become the company’s CEO after it spins off its water and defense businesses. Scalera, 39, is currently ITT’s vice president of corporate finance. He joined the company in 2006 as director of financial planning and analysis and later led investor relations. Prior to joining ITT, Scalera worked at Dover Corp., R.R. Donnelley and the Pepsi-Lipton Partnership.


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