By AIM · AIM Media House
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.
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