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Oracle Promotes 2 Longtime Insiders as Co-CEOs to Drive Cloud and AI Growth

Safra Catz steps aside as CEO after a decade, moving into a vice chair role, while Clay Magouyrk and Mike Sicilia are promoted to steer Oracle’s next phase.
Oracle Promotes 2 Longtime Insiders as Co-CEOs to Drive Cloud and AI Growth
Oracle's headquarters in Redwood Shores, Calif., on March 20, 2012. Justin Sullivan/Getty Images
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Technology giant Oracle announced a shakeup in its C-suite ranks on Sept. 22, with two longtime company insiders replacing Safra Catz, who had led the company as its CEO since 2014.

Clay Magouyrk and Mike Sicilia will serve as co-CEOs, Oracle board chair and Chief Technology Officer Larry Ellison said in a statement. Both men were tabbed to lead the company based on their extensive experience scaling artificial intelligence cloud infrastructure, the company noted.
Rob Sabo
Rob Sabo
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Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.