Oracle Corporation has introduced a new leadership structure with the appointment of Clay Magouyrk and Mike Sicilia as Co-Chief Executive Officers. The decision ends Safra Catz’s decade-long tenure as CEO, though she will remain deeply involved as Executive Vice Chair of the Board. Larry Ellison continues as Executive Chairman and Chief Technology Officer, maintaining a central role in product direction and corporate strategy.
Catz, who led Oracle since 2014, said the transition came at the right moment: “Oracle’s technology and business have never been stronger, and I am confident this is the time to hand leadership to the next generation of highly capable executives.” Magouyrk and Sicilia, in a joint message, wrote, “We are honored to step into these roles and excited to lead Oracle forward. The opportunities ahead are significant, and we are committed to building on the momentum already in place.” Ellison voiced his support for the new structure, stating, “Oracle Cloud Infrastructure has become a key platform in global investment for advanced computing, and Clay and Mike have been central to that achievement.”
From Cloud Architect to Corner Office
Clay Magouyrk joined Oracle in 2014 after working at Amazon Web Services. He became a founding member of Oracle’s cloud engineering group and rose to lead the development of Oracle Cloud Infrastructure (OCI). Under his direction, OCI has grown into one of Oracle’s fastest-expanding businesses. The company expects OCI revenue to increase 77 percent this fiscal year, reaching $18 billion, with projections of $144 billion within four years.
Mike Sicilia entered Oracle through its 2008 acquisition of Primavera Systems. Over the years he advanced to lead Oracle Industries, a unit that builds specialized applications for healthcare, financial services, communications, retail, and utilities. Sicilia focused on streamlining software development by reducing traditional coding requirements, a strategy aimed at accelerating delivery and lowering costs for customers.
Magouyrk and Sicilia lead different areas of Oracle’s operations, with Magouyrk focusing on cloud infrastructure and Sicilia overseeing industry-specific applications. Ellison noted that they coordinated their divisions in recent years, and the company has seen growth in both areas. Their roles place them at the intersection of hardware management and software development within Oracle’s business.
Strategic Shifts and Global Partnerships
The appointments come as Oracle expands its presence in global computing projects. Earlier this year, Oracle joined the Stargate Project, a $500 billion collaboration with OpenAI and SoftBank to increase data center capacity across the United States. In parallel, Oracle agreed to provide OpenAI with $300 billion of computing power over five years and is reported to be in discussions with Meta for a $20 billion agreement. These commitments underscore Oracle’s ambitions to be a core supplier of computing capacity at a time of growing demand.
Oracle’s competitors, including Microsoft and Amazon, dominate much of the market, yet Oracle’s differentiated infrastructure design has given it an opening in large-scale workloads. With Magouyrk’s background in building OCI and Sicilia’s record in enterprise applications, the leadership change is closely tied to the company’s strategy to capture these opportunities.
Alongside the CEO appointments, Oracle named Mark Hura as President of Global Field Operations and Doug Kehring as Principal Financial Officer. These changes are intended to stabilize operational management as the company transitions to shared leadership at the top.
Market Reaction and Leadership Continuity
Financial markets registered a cautious response to the announcement. Oracle shares slipped 1.1 percent in premarket trading, though the stock remains up nearly 85 percent since January 2025. Analysts from Evercore ISI noted that continuity at the board and technical level should support stability, highlighting that Ellison remains CTO and Catz remains on the board.
Catz’s legacy includes steering Oracle through major acquisitions such as NetSuite and Cerner, while also maintaining profitability during the company’s shift toward cloud services. Her move to the board ensures that her experience remains available to the new leadership team.
