"Oracle is shaking up its executive suite as it sets its sights set on AI infrastructure dominance. The company announced Monday that it is promoting Clay Magouyrk and Mike Sicilia to co-CEO roles. Magouyrk joined Oracle in 2014 from Amazon Web Services. He was a founding member of Oracle's cloud engineering team and has served as the president of Oracle's cloud infrastructure business unit for more than a decade."
"Sicilia has served as the president of Oracle's industries division since June. He held several different roles at the company since he joined through Oracle's acquisition of project portfolio management company Primavera Systems in 2008. Safra Catz, who has been Oracle's CEO since 2014, is moving into a new role as the executive vice chair of Oracle's board of directors. "Today, Oracle is recognized as the cloud of choice for both AI training and inferencing. I'm very proud of that," Catz said in a statement. "Oracle's technology and business have never been stronger. And our breathtaking growth rate points to an even more prosperous future. At this time of strength is the right moment to pass the CEO role to the next generation of capable executives.""
Oracle promoted Clay Magouyrk and Mike Sicilia to co-CEO positions while Safra Catz moves to executive vice chair of the board. Magouyrk joined Oracle in 2014 from Amazon Web Services, helped found Oracle's cloud engineering team, and led the cloud infrastructure business unit for over a decade. Sicilia has led Oracle's industries division since June and originally joined through Oracle's acquisition of Primavera Systems in 2008. Oracle is positioning itself for AI infrastructure leadership, participating in the Stargate Project with OpenAI and SoftBank. Reported compute supply agreements include a $300 billion deal with OpenAI and a reported $20 billion deal with Meta.
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