Oracle’s Leadership Shakeup Signals Aggressive Cloud and AI Focus

Oracle has announced a dramatic restructuring of its executive leadership, with long-serving CEO Safra Catz passing control to two new co-CEOs. In a move that underscores the company’s strategic priorities, the positions have been filled by the very executives leading Oracle’s high-growth cloud computing and artificial intelligence divisions. The market response was overwhelmingly positive, with shares surging on the news.

The software giant has appointed Clay Magouyrk and Mike Sicilia to the shared CEO role. Magouyrk, a founding engineer of Oracle Cloud Infrastructure (OCI), joined the company in 2014 after working at Amazon Web Services and has been instrumental in building its cloud business from the ground up. Sicilia entered Oracle through the acquisition of Primavera Systems and most... Read more...