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Borland Software

(BORL)

named a new president and chief executive, getting

Oracle's

(ORCL) - Get Oracle Corporation Report

Tod Nielsen to take the posts starting Wednesday.

Nielsen most recently served as senior vice president, marketing and global sales support, for Oracle. He also previously worked for

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and

BEA Systems

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.

Scott Arnold had been Borland's interim CEO since July.

Borland's shares were adding 17 cents at $6.02.