Oracle Names Magouyrk and Sicilia as CEOs
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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.
Business Insider reported in June that Oracle had promoted the executives to the title of "president" as part of a succession plan.
Oracle appoints new CEOs Clay Magouyrk and Mike Sicilia, as Larry Ellison says AI and Oracle Cloud Infrastructure was key in leadership decision.
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Oracle’s co-CEO structure will challenge the trope that having two chief executives rarely works
Good morning. Yesterday, Oracle announced a move that is about as divisive as you’ll find in a modern C-suite: The company appointed co-CEOs, with Clay Magouyrk and Mike Sicilia taking over from Safra Catz, who will retain the title of Executive Vice Chair.
Oracle (ORCL) has named Clay Magouyrk and Mike Sicilia, two company insiders, as co-CEOs, replacing Safra Catz. The C-suite shake-up comes after President Trump said Oracle co-founder Larry Ellison is among the tech and media moguls who could be involved in the US arm of TikTok.