(JNS.org) Israeli-born Safra Catz is set to replace Oracle Corporation CEO Larry Ellison, who announced Sept. 18 that he is stepping down. Catz will share the top job at the world’s second-largest software maker with Mark Hurd. Oracle said Catz will be responsible for all manufacturing, finance, and legal decisions, while Hurd, who served as co-president with Catz, will lead sales, services, and global business units. Ellison, who is also Jewish and is the world’s fifth-richest man ($49 billion), will continue as Oracle’s chairman. Catz was born in Holon, Israel, in 1961 and at age six moved to America. An executive at Oracle since 1999, she has played a key role in many of the company’s key mergers and acquisitions and last year was reportedly the highest-paid female executive in the world, making $44.3 million.