Oracle ($ORCL) said Monday it has appointed Hilary Maxson as chief financial officer, effective immediately, as demand for AI computing and cloud databases continues to outpace available capacity and drive increased investment in infrastructure.
- Hilary Maxson previously served as group CFO at Schneider Electric, an energy management and automation company with over $45 billion in annual revenue.
- The appointment comes as Oracle accelerates investment in data centers and infrastructure to support rising AI and cloud demand.
- Doug Kehring will step down as principal financial officer and return to focusing on go-to-market operations.
- Oracle cited ongoing capacity constraints tied to strong demand for AI computing and cloud database services.
Relevant Companies
- Oracle ($ORCL) – Increasing infrastructure investment tied to AI and cloud demand growth.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
