Oracle Corp has replaced PeopleSoft Inc's co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing. PeopleSoft Co-President and Chief Financial Officer Kevin Parker and Co-President Phillip Wilmington were replaced on Wednesday, PeopleSoft said in the filing from Thursday.

In their places, Oracle appointed Safra Catz and Charles Phillips as co-presidents and Harry You as CFO. Catz, 43, and Phillips, 45, have been co-presidents of Oracle since January 2004, while You, 45, has been Oracle's CFO since July 2004.

PeopleSoft's board earlier this month reluctantly agreed to a sweetened $10.3 billion buyout by Oracle, relenting after an 18-month take-over fight that included courtroom battles and the ouster of PeopleSoft's chief executive.

Copyright Reuters, 2005