REDWOOD SHORES, CA — (Marketwired) — 01/19/15 — (NYSE: ORCL) – The Oracle Board of Directors today announced that it has unanimously elected the Honorable Leon Panetta, former U.S. Secretary of Defense and former Director of the Central Intelligence Agency, to the company–s Board of Directors. The election is effective as of January 19, 2015 and increases the size of the Board to 12 directors.
“We are honored to welcome Secretary Panetta to our Board,” said Larry Ellison, Chairman of the Board of Directors and Chief Technology Officer. Dr. Michael Boskin, independent Chair of the Nomination and Governance Committee, added, “Secretary Panetta is a dynamic leader with a distinguished record of public service at the highest levels of government. He will add deep expertise and brings a fresh perspective to our Board.”
Secretary Panetta served in the Obama Administration as U.S. Secretary of Defense from 2011 to 2013 and as Director of the Central Intelligence Agency from 2009 to 2011. Previously, he was White House Chief of Staff and Director of the Office of Management and Budget under President Bill Clinton. From 1977 to 1993, Secretary Panetta was a member of the U.S. House of Representatives representing California–s 16th district, which included Monterey, San Benito, and parts of San Luis Obispo and Santa Cruz.
Secretary Panetta and his wife Sylvia founded and currently co-direct the Panetta Institute for Public Policy, located at California State University, Monterey Bay. He has served as a Distinguished Scholar to the Chancellor of the CSU system, and as a member of the Board of Trustees and a Presidential Professor at Santa Clara University. He recently authored a best-selling memoir, Worthy Fights.
All members of Oracle–s Board of Directors serve one-year terms and are expected to stand for election at the company–s next annual shareholders meeting in November, 2015.
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Contact:
Ken Bond
Oracle Investor Relations
1.650.607.0349
Deborah Hellinger
Oracle Corporate Communications
1.212.508.7935
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