Oracle named Jeffrey Epstein as its new chief financial officer on Wednesday, marking its fourth CFO since its long-time bean counter Jeff Henley retired from that post four years ago.

Epstein, the former CFO of Oberon Media, will join the database and enterprise software applications vendor on September 8. Epstein will replace Safra Catz, who will remain an Oracle co-president and board director.

Epstein will report to Catz and assume responsibility for finance, the controller's office, finance operations, tax, treasury, real estate, investor relations, audit, and customer leasing.

Catz is returning to the co-president's role full-time, after a nearly three-year run as Oracle's CFO and co-president. She assumed the CFO role after former Microsoft executive Greg Maffei abruptly resigned from the post after a brief four months.

Maffei left Oracle in November 2005 to take a CEO post at Liberty Media. He had earlier replaced Oracle CFO Harry You, who resigned after a nine-month stint to join BearingPoint as its CEO.

In naming Epstein as its new CFO, the company's founder, Larry Ellison, said in a statement: "Jeff's expertise in global operations and finance will further strengthen Oracle's senior management team...We look forward to having him join us as our new CFO."

Source:cnet.com