‘Oracle’s Future Is Bright’ With New Co-CEOs, Larry Ellison Says
Oracle appoints two new co-CEOs as former leader Safra Catz becomes executive vice chair of Oracle’s board. Here’s what you need to know about Oracle’s new CEOs, Clay Magouyrk and Mike Sicilia.
Oracle Chairman and CTO Larry Ellison said the two CEOs were chosen due to their AI leadership and expertise.
“Humanity is investing enormous resources in the race to advance artificial intelligence,” said Ellison in a statement Monday. “Oracle Cloud Infrastructure is playing a major part in that effort. Clay’s years of experience leading Oracle's large, fast-growing Cloud Infrastructure business has demonstrated his readiness for a CEO role.”
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Ellison said Sicilia (pictured above right) has spent the last several years modernizing Oracle’s industry applications businesses—including Oracle Health—by rebuilding applications using the latest AI technologies.
“A few years ago, Clay and Mike committed Oracle’s Infrastructure and Applications businesses to AI—it's paying off. They are both proven leaders,” said Ellison. “Oracle's future is bright.”
Who Is Clay Magouyrk?
Magouyrk (pictured above left) was previously president of Oracle Cloud Infrastructure (OCI), joining the company in 2014 from Amazon Web Services.
As a founding member of Oracle’s cloud engineering team, Magouyrk has overseen the design and implementation of Gen2 of OCI. Gen2 is a high-performance platform that powers both hyperscale public cloud data centers and gigawatt-scale AI training data centers.
Under his leadership, OCI has achieved growth and has become the go-to platform for AI training and inference, Oracle said.
Who Is Mike Sicilia?
Sicilia was formerly president of Oracle Industries, bringing deep expertise in vertical applications and applied AI.
He joined Oracle via its acquisition of Primavera Systems.
Sicilia’s engineering teams pioneered the use of intent-based application generation to replace traditional coding for building Oracle applications. His teams also added sophisticated sets of AI Agents to Oracle’s industry application suites—including health care, banking, communications, utilities, hospitality and retail.
“We are excited to lead Oracle into the AI era, where technological innovation leads to extraordinary business opportunity and hyper-growth,” said Magouyrk and Sicilia in a joint statement Monday. “Our combined strengths in AI, cloud infrastructure, horizontal applications and industry applications will enable Oracle to deliver the latest AI capabilities to our customers.”
Safra Catz’s New Position
Safra Catz has been at the helm of Oracle since 2014.
Oracle said she will continue her 26-year partnership with Ellison in her new role as executive vice chair.
“Oracle’s technology and business have never been stronger,” said Catz in a statement. “And our breathtaking growth rate points to an even more prosperous future. At this time of strength, [this] is the right moment to pass the CEO role to the next generation of capable executives. Congratulations Clay and Mike.”
Other Oracle Executive Moves
On Monday, Oracle also said that Mark Hura, currently executive vice president of Oracle North America sales, will become president of global field operations.
Doug Kehring, the current executive vice president of operations, is being promoted to principal financial officer.