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3h ago

Oracle Installs Clay Magouyrk and Mike Sicilia as Co-CEOs, Safra Catz Shifts to Executive Vice Chair

The company casts the handoff as an acceleration of its AI cloud scale with performance‑tied equity alongside reaffirmed growth targets.

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FILE - Oracle CEO Safra Catz smiles during a dinner with President Donald Trump in the State Dining Room of the White House, on Sept. 4, 2025, in Washington. (AP Photo/Alex Brandon, File)
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Departing Oracle CEO Safra Catz in Miami Beach, Florida in 2025.

Overview

  • Oracle elevated Magouyrk, the former Oracle Cloud Infrastructure chief who joined from AWS, and Sicilia, the industries applications leader, to a dual-CEO structure under chairman and CTO Larry Ellison.
  • Safra Catz moves to executive vice chair and remains a director after more than a decade leading the company.
  • Regulatory filings show option grants valued at $250 million for Magouyrk and $100 million for Sicilia, with multi‑year vesting that includes performance conditions.
  • Management reaffirmed aggressive Oracle Cloud Infrastructure guidance, including a forecast for FY2026 revenue to rise 77% to about $18 billion and a multiyear trajectory toward $144 billion, alongside a reported $455 billion contract backlog.
  • Coverage continues to link Oracle to massive AI compute deals—reported at $300 billion with OpenAI and up to $20 billion with Meta—and to U.S. plans that keep TikTok user data on Oracle’s cloud.