Oracle and SAP are changing CEOs as they adapt to the cloud - Business Insider

, and will be the new CEO of ServiceNow. He's been replaced by two exec team members, Jennifer Morgan and Christian Klein, as the German behemoth pivots back to a dual-CEO leadership structure of its own.These changes are taking place at a time when Oracle and SAP, the world's biggest enterprise software vendors, are doing what an analyst called "a delicate dance to the cloud" as they adapt to the new ways businesses, including major corporations, buy and consume applications.

"You have two large companies with a lot of history," he said. "It is a much more delicate dance moving to the cloud, when you've been around for 20, 30 years in the market."For more than 30 years, SAP and Oracle have dominated the market for software that businesses used to manage important tasks, including payroll, finances, human resources and customer relations.

"The news about the passing of Mark Hurd is sudden, and the impact of this loss will need to be understood by Wall Street, Oracle's employees, and by Oracle's customers, who met often with Mark Hurd in customer councils and conferences," Bozman told Business Insider. And he thinks Oracle can have such an evangelist leading it again — if Larry Ellison himself would return as CEO.

But Friedman noted that there has been no indication that Ellison is considering returning as CEO. During last month's OpenWorld event, heone day step into the role: Don Johnson, head of Oracle cloud infrastructure business, and Steve Miranda, who leads the company's applications development.

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