Yazılar

Oracle appoints Clay Magouyrk and Mike Sicilia as co-CEOs, Safra Catz steps aside

/in /tarafından

Oracle announced a surprise leadership shakeup on Monday, naming insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing longtime chief executive Safra Catz. Catz, who helped transform Oracle into a cloud powerhouse over her 11-year tenure, will remain with the company as vice chair of the board.

Catz’s legacy includes steering Oracle from its roots as a database provider into a global competitor in cloud computing, securing massive AI-related contracts, and driving the company’s market capitalization close to $1 trillion. Shares of Oracle have soared about 85% this year, outpacing rivals Microsoft and Alphabet, buoyed by the AI boom.

  • Mike Sicilia (54) currently oversees Oracle’s cloud-based applications and AI products.

  • Clay Magouyrk (39) manages Oracle’s cloud infrastructure platform, which underpins the company’s AI and data services.

Both executives are well-known to investors, and analysts say their promotion highlights cloud and industry solutions as Oracle’s main growth engines. Evercore ISI noted that with co-founder Larry Ellison staying on as CTO and Catz as executive vice chair, the leadership transition should be smooth.

Oracle is currently central to U.S. data security discussions, hosting TikTok’s U.S. user data on its cloud systems. The company also recently signed one of the largest cloud deals in history with OpenAI, worth an estimated $300 billion in computing power over five years.

Safra Catz, one of the most influential women in tech, first became co-CEO alongside the late Mark Hurd in 2014 after Ellison stepped back from daily operations. Under her leadership, Oracle shares climbed more than 586%. Trained in finance and law, Catz joined Oracle in 1999 after a career on Wall Street and today holds a net worth of $3.3 billion, according to Forbes.

Magouyrk, who joined Oracle from Amazon Web Services in 2014, will receive stock options worth $250 million, while Sicilia, who came via Oracle’s acquisition of Primavera Systems, will receive $100 million in stock options.

The co-CEO model, while less common, is being adopted by several global firms, including investment giant KKR and, briefly, Intel. For Oracle, the dual leadership underscores the scale of its ambitions as cloud and AI reshape the tech landscape.