"Oracle has appointed insiders Clay Magouyrk and Mike Sicilia as co-chief executive officers, marking the end of Safra Catz's 11-year tenure as sole CEO. The decision underscores Oracle's reliance on its cloud business as it competes with Microsoft and Alphabet in a rapidly expanding market. Catz will remain with the company as vice chair of the board. During her leadership, Catz helped Oracle pivot from its roots in database software to becoming a significant player in cloud services."
"She took on the CEO role jointly with Mark Hurd in 2014, before assuming sole leadership following his death in 2019. Under her direction, Oracle completed multiple acquisitions, strengthened its position in cloud infrastructure, and expanded its share price more than fivefold. Catz was also recognized as one of the most influential female executives in technology, appearing prominently on Forbes' rankings of self-made women billionaires."
Oracle named Clay Magouyrk and Mike Sicilia as co-chief executive officers, concluding Safra Catz's 11-year tenure as sole CEO. Catz will remain vice chair of the board. The leadership change emphasizes Oracle's dependence on its cloud business amid competition with Microsoft and Alphabet in a rapidly expanding market. Catz led Oracle's shift from database software to major cloud services, oversaw acquisitions and cloud infrastructure growth, and saw the company's share price rise more than fivefold. Her tenure coincided with accelerated artificial intelligence adoption that boosted investor interest and pushed market capitalization close to one trillion dollars. Magouyrk brings cloud infrastructure experience and Sicilia brings cloud applications and AI leadership experience.
Read at App Developer Magazine
Unable to calculate read time
Collection
[
|
...
]