Veritas Picks Oracle Executive as CEO

Veritas Software Corp., maker of software for running Web sites, named Oracle Corp. executive Gary Bloom as chief executive to succeed Mark Leslie, who will remain chairman. The announcement sent Oracle stock down 14% in after-hours trading to $24.88, after closing up $1.44 at $28.81 on Nasdaq. Bloom, 40, is the latest high-profile executive to depart Oracle, following President Ray Lane, who resigned in July. Bloom was one of three executives tapped to assume Lane’s duties. Mountain View, Calif.-based Veritas fell $10.88 to close at $110.13 on Nasdaq, then rose to $116.13 in after-hours trading.