The definition of stalwart is a description for someone who is loyal and strong or for something that is reliable and sturdy. An example of stalwart is a description for a loyal supporter of a cause. Stalwart is a loyal and reliable supporter. An example of a stalwart is someone who has been a long time loyal supporter of a cause. 1  strong and well-built; sturdy; robust. 2  brave; valiant.  resolute; firm; unyielding.
On Thursday, Oracle's Larry Ellison unexpectedly announced that he was stepping down from his CEO post and naming not one, but two CEOs to replace him. Co-president and CFO Safra Catz and co-president Mark Hurd will share the role of CEO.Oracle isn't the first major company to tap more than one CEO at the same time.Chipotle, Whole Foods, and Deutsche Bank are also run by two CEOs. Samsung even has three of them.erman companies Deutsche Bank and SAP both have two CEOs (though SAP co-CEO Jim Hagemann Snabe will step down to the supervisory board in May).
This deal adds to Oracle's growing arsenal of acquired companies that sell technology to chief marketing officers. Marketing tech is shaping up to be the next big trend in enterprise tech spending and Oracle CEO Larry Ellison wants to dominate it. Companies spend nearly $4 trillion a year on technology, mostly through their IT departments.