Oracle has replaced the executives running its EMEA business

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The two people running the $11 billion Europe, Middle East and Africa region left Oracle on December 1, according to company emails.

Two top former Oracle EMEA leaders have left the company, according to a report in Business Insider. In addition, the region’s executive vice president may change positions internally or leave altogether.

According to the report, Oracle CEO Safra Catz has sent an email to employees announcing the change. He said that Oracle EMEA would be “organized under the leadership of two new leaders.”

Catz named the two new leaders as Cormac Watters and Richard Smith. Both started on December 1, and both report directly to Catz.

The move is significant, given that the EMEA region accounts for more than a quarter of the company’s overall revenue.

Keeping things quiet

The two executives who are leaving include Alain Blanc, a 12-year veteran of Oracle who was most recently head of the company’s EMEA applications division. The other departing exec is Frank Obermeier, the former CEO of Oracle Japan. He led technology and cloud in the EMEA region.

The person familiar with the matter told Business Insider that both have left the company. However, neither Blanc nor Obermeier has updated their LinkedIn profiles to reflect any change in employment.

Cormac Watters was most recently president of Infor and was also a former SAP executive. He is slated to take over Oracle’s EMEA applications business, according to Catz’s email.

Richard Smith, meanwhile, will be in charge of EMEA applications. Smith was previously Oracle’s senior vice president of technology. He currently has that role in the EMEA and United Kingdom and Ireland regions.

The person with direct knowledge of the matter said Watters is replacing Blanc and Oracle has consolidated the technology business under Smith rather than replacing Obermeier directly.

Smith sent an email to Oracle’s technology EMEA employees on Dec. 2 introducing himself and laying out his new team structure.

“This year has been one of seismic shifts,” Smith wrote in the email viewed by Insider. “Not only in how we do business, but in how we live and work. It is clear that the future depends heavily on technology innovations that only a handful of companies in the world have the expertise and scale to deliver. We are one of them.”