Oracle appoints not one, but two, co-CEOs as Safra Catz leaves top job

• Oracle says Safra Catz will leave her role as CEO, but stays as EVC on the Board
• Clay Magouyrk and Mike Sicilia appointed as co-CEOs
• Oracle is set for “hyper-growth” as raft of new deals approaches

Oracle has appointed two new co-CEOs after the cloud giant confirmed the departure of former leader Safra Catz.

Ex-Presidents Clay Magouyrk and Mike Sicilia will take over as the new heads of the company, which looks set to profit from a host of major new deals.

“A few years ago, Clay and Mike committed Oracle's Infrastructure and Applications businesses to AI – it's paying off,” Board Chairman and CTO Larry Ellison noted. “They are both proven leaders, and I am looking forward to spending the coming years working side-by-side with them.”