Safra Catz steps down as Oracle CEO, Magouyrk and Sicilia to succeed her

"Oracle opts for the co-CEO model, which will be implemented by Clay Magouyrk and Mike Sicilia. Safra Catz, who has been the sole CEO in recent years, will be appointed Executive Vice Chair. Oracle is fully committed to AI with a major leadership change, according to the announcement. "Clay and Mike committed Oracle's Infrastructure and Applications businesses to AI-it's paying off," said CTO and founder Larry Ellison. The duo aims to develop comprehensive industrial AI application suites on Oracle's Database and Cloud Infrastructure."

""We are excited to lead Oracle into the AI era, where technological innovation leads to extraordinary business opportunity and hyper-growth," Magouyrk and Sicilia said in a joint statement. Complementary expertise Mike Sicilia brought expertise in vertical applications and applied AI. He joined Oracle through the acquisition of Primavera Systems. His teams pioneered the generation of intent-based applications to replace traditional coding. They developed AI agents for industries such as healthcare, banking, and retail."

"Clay Magouyrk, who joined from Amazon Web Services in 2014, led Oracle Cloud Infrastructure (OCI) to become a platform for AI training and inference. "Oracle Cloud Infrastructure is playing a major part in that effort," Ellison emphasized. The Gen2 OCI architecture supports both large-scale data centers and gigawatt AI training facilities. Catz led Oracle's transformation into a hyperscale cloud provider. "Oracle is recognized as the cloud of choice for both AI training and inferencing. I'm very proud of that," says Catz."

Oracle will implement a co-CEO model led by Clay Magouyrk and Mike Sicilia, with Safra Catz moving to Executive Vice Chair. Magouyrk and Sicilia will focus on building industrial AI application suites leveraging Oracle Database and Cloud Infrastructure. Sicilia brings vertical applications and applied AI experience from Primavera Systems, including intent-based applications and industry AI agents. Magouyrk expanded Oracle Cloud Infrastructure into a platform for AI training and inference, supported by Gen2 OCI architecture for large data centers and gigawatt AI training facilities. Safra Catz led Oracle's transformation into a hyperscale cloud provider and endorses the leadership transition.

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