Oracle elevates co-CEOs to shepherd AI cloud business

The company appointed Clay Magouyrk and Mike Sicilia to chief executive officer roles Monday. Former CEO Safra Catz became executive vice chair of the board as part of the move.

Dive Brief:

• Oracle elevated Clay Magouyrk and Mike Sicilia to co-CEO roles in a C-suite reshuffle that moved former CEO Safra Catz to the board of directors, where she will serve as executive vice chair, according to a Monday announcement.
• Magouyrk — a founding member of Oracle's cloud engineering development center — joined the company from AWS and served as president of Oracle Cloud Infrastructure for nearly a dozen years. Sicilia came to Oracle when the company acquired Primavera Software in 2008 and rose in June to president of Oracle Industries, where integrating agentic AI into its industry application suites has been a priority, the company said in the announcement.
• The move shores up two pillars of the company’s business ...