Symantec snags Oracle CIO

David Thompson to arrive after flurry of high-level resignations

Symantec Corp. has raided the ranks of its Silicon Valley neighbor Oracle Corp. to hire a new CIO.

David Thompson, formerly senior vice president and CIO at the database vendor, has taken over as Symantec's CIO, effective Monday, the company said.

Symantec CEO John Thompson announced the hire on a quarterly financial call with analysts yesterday.

David Thompson replaces Mark Egan, who will stay with Symantec for about another six months as he finishes IT projects related to Symantec's 2005 Veritas acquisition, said company spokeswoman Genevieve Haldeman.

Thompson came to Oracle as part of the company's PeopleSoft acquisition, which was completed in early 2005.

News of the hire comes as Cupertino, Calif.-based Symantec experiences a run of high-profile resignations. Last week, President Gary Bloom left the company, following former Chief Financial Officer Greg Myers, who retired in November, and Bloom's co-president, John Schwarz, who left in September to become CEO of Business Objects SA.

Symantec is close to hiring a new CFO to replace Myers, Thompson said. "I believe we're in the final round of interviews for a new CFO," he said. "I hope to announce our selection of a new CFO in the near future."

Copyright © 2006 IDG Communications, Inc.

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