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's headquarters in Redwood Shores, Calif., on March 20, 2012. Justin Sullivan/Getty Images

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.

“Humanity is investing enormous resources in the race to advance Artificial Intelligence,” Ellison said.

“Oracle Cloud Infrastructure is playing a major part in that effort. Clay’s years of experience leading Oracle’s large, fast-growing Cloud Infrastructure business has demonstrated his readiness for a CEO role,“ he said. ”Mike has spent the last several years modernizing Oracle’s Industry applications businesses—including Oracle Health—by completely rebuilding those applications using the latest AI technologies.”

Magouyrk served as president of Oracle Cloud Infrastructure after spending six years with Amazon and its web services cloud computing division. He is a founding member of the company’s cloud computing engineering team and oversaw the development of Oracle’s Gen2 cloud infrastructure, which is deployed in public cloud datacenters and has become a preferred platform for much larger AI training data centers, the company said.

Sicilia served as president of Oracle Industries after spending 15 years as chief technology officer of Primavera Systems, which Oracle acquired in 2008. Sicilia’s team spearheaded development of intent-based application generation, which replaced traditional coding methods for developing Oracle applications, the company stated. Sicilia also oversaw efforts to deploy transformative adaptive AI cloud applications in both regulated and traditional industries such as banking, communications, retail, healthcare, and hospitality, Oracle said.

The dual CEOs will work together to continue developing and building suites of AI-based applications to layer upon Oracle’s AI database and cloud infrastructure services, the company said.

“We are excited to lead Oracle into the AI era, where technological innovation leads to extraordinary business opportunity and hyper-growth,” Magouyrk and Sicilia said in a joint statement.

“Our combined strengths in AI, cloud infrastructure, horizontal applications and industry applications will enable Oracle to deliver the latest AI capabilities to our customers.”

Catz, meanwhile, was appointed executive vice president of Oracle’s board of directors. She’s worked at Oracle for the past 26 years.

“Safra led Oracle as we became a hyperscale cloud powerhouse—clearly demonstrated by our recent results,” Ellison said. “In her role as Vice Chair, Safra and I will be able to continue … guide Oracle’s direction, growth and success.”

Oracle also announced two other promotions. Mark Hura was named president of global field operations. He was formerly Oracle’s executive vice president of North American sales. Doug Kehring was promoted to chief financial officer after working as the company’s executive vice president of operations.

Oracle’s shares spiked 6 percent on the news, while it has skyrocketed 152 percent over the past 12 months as demand for its cloud infrastructure services soars, Catz said earlier this month.

Revenue in the first quarter of fiscal year 2026 was $14.9 billion, with cloud revenues spiking 28 percent, the company said in its quarterly earnings report released on Sept. 9.