Oracle promotes Magouyrk, Sicilia
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CEOs Clay Magouyrk and Michael Sicilia will take over for Safra Catz, who will take on a new role as executive vice chair of the board.
Oracle is shaking up its executive suite as it sets its sights on AI infrastructure dominance. The company announced Monday that it is promoting Clay Magouyrk and Mike Sicilia to co-CEO roles.
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Magouyrk was previously president of Oracle's cloud infrastructure business while Sicilia was Oracle Industries president. Oracle stock is up 4.6% at 323.05 in recent trading on the stock market today.