- Oracle says that Safra Catz will leave her role as CEO, but remains as an EVC on the board
- Clay Magouyrk and Mike Sicilia named Co-PDG
- Oracle is defined for “Hyper-Growth” as the raft of new offers approaches
Oracle has appointed two new CO-PDGs after the Cloud giant has confirmed the departure of former leader Safra Catz.
Former presidents Clay Magouyrk and Mike Sicilia will take over as new heads of the company, which seems to benefit from a multitude of major major offers.
“A few years ago, Clay and Mike committed infrastructure and Oracle applications to the AI - he is paying,” noted the chairman of the board of directors and the CTO Larry Ellison. “These are both tested leaders and I can’t wait to spend the years to come with them.”
Safra Catz gives way to two CO-PDGs
Catz will not leave Oracle and go to the board of directors as an executive vice-president after a decade as CEO, saying that now the right time to put leadership in the next generation.
As part of the reshuffle, Oracle confirmed some other role changes, including the appointment of Mark Hura as president for global field operations and the promotion of Doug Kehring to the main financial officer.
Ellison was CEO of Oracle from 1977 until the appointment of Catz in 2014.
Oracle closed the 2014 calendar year with an action course of $ 38.19, but the prices increased to $ 328.15 today under the direction of Catz.
“Our forces combined in AI, cloud infrastructure, horizontal applications and industry applications, will allow Oracle to provide AI’s latest capacities to our customers,” said Magouyrk and Sicilia in a joint declaration, referring to “hyper-growth” and other corporate opportunities in the future.
Joining Oracle in 2014 with AWS as a software development engineer, Magouyrk was responsible for OIC Gen2. Sicilia moved to Oracle when the company acquired Primavera Systems in 2008, leading the development of applications fueled by AI in health care, banking services, communications, hospitality, retail and more.
Oracle recently announced an increase of 12% in annual sliding of quarterly income to $ 14.9 billion and a series of “several billion dollars” customers “which are in the coming months.
