Oracle appoints former US Secretary of Defense to board of directors

Former US Secretary of Defense and former Director of the Central Intelligence Agency Leon Panetta is now a member of Oracle's board of directors.

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Oracle has named Leon Panetta as the firm's latest member of its board of directors.

Announced on Monday, the appointment of Panetta, former US Secretary of Defense and former Director of the Central Intelligence Agency, is effective as of January 19, 2015.

There are now 12 members of the hardware giant's board in total.

Secretary Panetta served in the Obama Administration from 2011 to 2013, and as Director of the Central Intelligence Agency from 2009 to 2011. Previously, Panetta worked as White House Chief of Staff and Director of the Office of Management and Budget under President Bill Clinton.

Panetta also currently directs the Panetta Institute for Public Policy, based at California State University, with his wife. In addition, the former US official has served as a Presidential Professor at Santa Clara University.

Dr. Michael Boskin, independent Chair of the Nomination and Governance Committee commented:

"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."

All members of Oracle's board serve one-year terms before standing for election at the firm's annual shareholder meetings.

In December, Oracle posted Q2 results which were better than expected. The company reported net income of $2.5 billion, or 56 cents per share, with non-GAAP earnings of 69 cents per share on a revenue of $9.6 billion.

Read on: In the enterprise

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