Appointment Date: 26.10.2010
Business Type: Business Applications Provision
Position: Chief Executive Officer
Charles Phillips has been appointed chief executive officer of Infor and also becomes a member of the company’s board of directors.
Phillips has over 20 years of leadership experience in the software industry, most recently as president and director of Oracle Corporation. At Oracle, he led the company’s field organisation and oversaw revenue growth of nearly 300pc during his seven-year tenure. He also played a key role in Oracle’s successful acquisition strategy including specific transactions such as BEA Systems, Hyperion Solutions, and Siebel Systems.
Prior to joining Oracle, Phillips was a managing director at Morgan Stanley covering the software sector.He also served as a captain in the United States Marine Corps before starting his Wall Street career.
“Infor has quietly built the third largest enterprise applications company in the world, with 59pc compound annual revenue growth over the last seven years, higher margins than eight of the top 10 application companies, and a track record of leading innovation,” said Phillips. “With over 70,000 customers in 125 countries, including divisions of large corporations, Infor is poised for growth as the next generation platform ships in January.
“The company’s laser focus on understanding and automating complex business processes, along with its commitment to constant innovation, has served customers well. I am eager to lead this proven team of over 8,000 employees through its next phase of growth. In a consolidating industry, Infor has proven acquisition expertise, having successfully integrated over 70 companies.”
Jim Schaper, Infor’s current chairman and CEO, will remain chairman of the company, and continue to play a critical role in its strategic development. Schaper also will serve as a senior operating partner at Golden Gate Capital, Infor’s primary shareholder.
“Charles Phillips is a proven executive who brings Infor the diverse skill set, direct industry experience, and track record of performance necessary to lead the company to continued growth,” said Schaper. “He is a true visionary in the technology industry and has a unique perspective drawn from his experience at one of our leading industry peers, in addition to his years on Wall Street.”