Technology giant Oracle announced a shakeup in its C-suite ranks on Sept. 22, with two longtime company insiders replacing Safra Catz, who had led the company as its CEO since 2014.
Clay Magouyrk and Mike Sicilia will serve as co-CEOs, Oracle board chair and Chief Technology Officer Larry Ellison said in a statement. Both men were tabbed to lead the company based on their extensive experience scaling artificial intelligence cloud infrastructure, the company noted.
“Humanity is investing enormous resources in the race to advance Artificial Intelligence,” Ellison said.
“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,” he said. “Mike has spent the last several years modernizing Oracle’s Industry applications businesses—including Oracle Health—by completely rebuilding those applications using the latest AI technologies.”…