"Oracle on Monday named Clay Magouyrk and Mike Sicilia as its new co-chief executives, replacing Safra Catz, who will shift into the role of executive vice chair of the board after more than a decade as top dog. The leadership shake-up comes on the heels of mass layoffs, leaving many to question whether the company's big bet on AI and cloud is coming at the expense of its own people."
"Magouyrk, who joined Oracle from AWS in 2014, led the corporation's second-generation cloud infrastructure program and is credited with much of the design and commercialization of OCI. Sicilia ran Oracle's industry applications unit, overseeing software for sectors such as healthcare, banking, and retail, and pushing the use of intent-based application generation and embedded AI agents."
"Oracle isn't new to the dual-leadership model. Catz previously shared the role with Mark Hurd until he died in 2019 and she became the sole chief executive. Rival SAP also tried running with co-CEOs, but the experiment ended with Christian Klein eventually taking over as the company's lone boss. Ellison praised both Magouyrk and Sicilia as "proven leaders" who had already committed Oracle's infrastructure and applications to the AI cause."
Oracle named Clay Magouyrk and Mike Sicilia as co-chief executives, with Safra Catz moving to executive vice chair after more than a decade as CEO. Magouyrk, a 2014 AWS recruit, led Oracle's second-generation cloud infrastructure program and helped design and commercialize OCI. Sicilia oversaw industry applications for sectors including healthcare, banking, and retail while advancing intent-based application generation and embedded AI agents. The co-CEOs are expected to deepen Oracle's push into AI-powered cloud services amid a reported $455 billion contract backlog after Q1 FY2026. The leadership change follows mass layoffs and includes other insider promotions.
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