After-Hours Management Shake Ups At Oracle, AIG, JetBlue, and Clorox

After the close on Thursday, a hand full of well known companies replaced parts of their management teams.

• Oracle ORCL announced its founder and CEO Larry Ellison will step down from CEO and take up a seat as Chairman on the Oracle board.  Mark Hurd and Safra Catz will take the CEO position.
• American Insurance Group AIG announced Jay Wintrob (VP of Life & Retirement) and Michael Cowan (Executive VP Chief Administrative Officer) will retire.
• JetBlue JBLU announced CEO David Barger will retire in February.  Robin Hayes will replace Barger.
• Clorox CLX CEO Donald Knauss will step down as CEO and serve as Chairman and member of the board.  Benno Dorer will replace Knauss as CEO.