""a match made in heaven"-two technical executives who can further propel Oracle into the AI era."
""I'm really looking forward to this stage," said Catz during an investor call on Monday. "But it is absolutely time. You want to make a transition like this when things are great and when I'm handing it to two of the guys-actually a whole team-that brought Oracle here. This is ideal.""
""The company is being recognized as an innovator and leader in AI and our momentum has been nothing less than spectacular-and it's only the beginning," Catz told investors. "With this success in mind, Larry and I thought timing was perfect to recognize and promote several executives who have not only been instrumental in helping pivot the company, but who will be critical to"
Safra Catz will step down as CEO and be succeeded by Clay Magouyrk and Mike Sicilia as co-CEOs. Clay Magouyrk, 39, is a founding member of Oracle's cloud engineering team, became president of cloud infrastructure in June 2025, and previously worked as a senior engineer at Amazon and AWS. Mike Sicilia, 54, joined via Oracle's acquisition of Primavera Systems, served as CTO there, and later held executive roles including president in industries. Oracle will grant stock options worth $250 million to Magouyrk and $100 million to Sicilia. Douglas Kehring will become principal financial officer, and Larry Ellison will remain CTO and board chair.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]