Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company's board. The announcement comes as Oracle founder Larry Ellison has been named as part of a group that could be part of a deal in which the U.

Business Insider reported in June that Oracle had promoted the executives to the title of "president" as part of a succession plan.

The company also attached itself to the new TikTok deal alongside fellow Central Texas company Dell technologies and media mogul and billionaire Rupert Murdoch.

The two new chief executives are Clay Magouyrk, who was the president of the company's AI cloud business, Oracle Cloud Infrastructure (OCI), and Mike Sicilia, who was the president of Oracle Industries.

Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business.

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.

Stocks were climbing on Monday, building on record highs set by the three major U.S. stock market indexes last week.These stocks were making moves:Oracle gained 5.5% after a senior White House official said a joint venture would be formed to manage a U.

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Oracle wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.