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).
On 24 October 2010, Oracle announced the appointment of Chaitanya M Kamat (Chet Kamat) as Managing Director and Chief Executive Officer of Oracle Financial Services Software Limited. Mr. Kamat has also joined the Board of Directors.n 4 April 2008, Oracle told i-flex solutions to change the name of the company to Oracle Financial Services Limited, subject to regulatory and shareholder approvals.