Oracle ($ORCL) announced Monday that longtime CEO Safra Catz will transition to executive vice chair, with Clay Magouyrk and Mike Sicilia appointed as co-chief executive officers. The leadership change marks a significant shift in the software giant’s executive team as it continues its expansion in cloud services.
- Clay Magouyrk, previously president of Oracle Cloud Infrastructure, and Mike Sicilia, president of Oracle Industries, are now serving as co-CEOs.
- Safra Catz joined Oracle in 1999, became co-CEO in 2014, and has been sole CEO since 2019.
- Oracle Chairman Larry Ellison praised Catz for transforming Oracle into a “hyperscale cloud powerhouse.”
- Catz and Ellison will continue their long-term partnership in guiding the company’s strategy and growth.
Relevant Companies
- $ORCL — The leadership transition places new emphasis on Oracle’s cloud business and industry-focused software products.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
