Oracle names Magouyrk, Sicilia as co-CEOs; Catz to executive vice chair

Oracle said Monday that Clay Magouyrk and Mike Sicilia were named co-CEOs, with Safra Catz becoming executive vice chair of the company’s board. The leadership change comes as Oracle pushes deeper into cloud computing and artificial intelligence, aligning its operating structure with a spectrum of AI-enabled products and services. Oracle founder Larry Ellison will remain involved as chairman and chief technology officer.

Magouyrk previously served as president of Oracle Cloud Infrastructure and joined Oracle in 2014 from Amazon Web Services. He was a founding member of Oracle’s cloud engineering team and has led the company’s fastest-growing unit. Sicilia was president of Oracle Industries and joined Oracle via the Primavera Systems acquisition; he has led the company’s industry applications, including Oracle Health, which Oracle has been rebuilding with new AI capabilities.

Ellison was quoted as saying, "Humanity is investing enormous resources in the race to advance artificial intelligence." The founder noted that Magouyrk’s experience leading Oracle’s cloud infrastructure business and Sicilia’s modernization of Oracle’s industry applications show the leadership team is focused on AI-powered growth. The group’s leadership choices reflect Oracle’s emphasis on expanding cloud capabilities and enterprise AI offerings across its software stack.

Catz has served as Oracle's chief executive since 2014. Earlier this month she noted Oracle signed four multi-billion-dollar contracts during its latest quarter, and she projected cloud infrastructure revenue to jump 77% to about $18 billion this fiscal year, with cloud revenue expected to reach roughly $144 billion in four years. The leadership shift occurs as Oracle accelerates investments in AI and cloud platforms, aiming to cement its position in a competitive enterprise software market and to broaden the reach of its industry-specific applications.

The move consolidates top leadership around a dual-CEO model while the board recalibrates its strategy for rapid growth in cloud services and AI-enabled products. Analysts and investors will be watching how the two-CEO arrangement performs in practice and whether it accelerates Oracle’s push into AI-powered software and industry solutions. The broader context includes Ellison’s ongoing involvement in tech-policy discussions and the company’s evolving role in data infrastructure, underscored by the TikTok-related developments referenced in recent reporting.