Oracle Corporation has elevated Thomas Kurian, executive vice-president, product development, to the role of president. The appointment of Kurian, 48, comes in the wake of Larry Ellison moving over from the role of chief executive officer (CEO) of the $38-billion software, solutions and hardware company to that of executive chairman, having handed the reins of the company to Safra Catz and Mark Hurd. Kurian is responsible for leading all aspects of product strategy, software development, and delivery of Oracle's software product portfolio, including Oracle Database, Oracle Fusion Middleware, and enterprise resource planning, customer relationship management, and supply chain management applications.

At Oracle, Kurian has been reporting to executive chairman of the board and chief technology officer Larry Ellison. According to the company's website, Kurian has been responsible for Oracle Fusion Middleware family of products, which became the fastest-growing business within Oracle under his leadership.