Oracle Appoints Insiders Clay Magouyrk, Mike Sicilia As Co-CEOs

Upgraded 22 September 2025 at 18:21 IST

Shares of Oracle were down over 1% in premarket trading.

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Oracle selects experts Clay Magouyrk, Mike Sicilia as co-CEOs in surprise relocation|Image: Reuters

Oracle on Monday called experts Clay Magouyrk and Mike Sicilia as co-CEOs, changing Safra Catz who was called vice chair of the board after 11 years at the helm.

Catz guided Oracle through an industry-wide shift, assisting win multi-billion-dollar agreements as business invest strongly to protect computing capability for AI tech.

Shares of the business were down over 1 % in premarket trading.

Sicilia manages cloud-based industry-specific applications and AI options throughout vertical health care, monetary services, and retail, while Magouyrk handles Oracle’s underlying cloud facilities platform that powers these applications.

Magouyrk signed up with Oracle in 2014 from Amazon Web Services while Sicilia signed up with Oracle through the acquisition of Primavera Systems, the business stated.

Oracle likewise declared its monetary assistance supplied previously this month, where it stated it anticipates scheduled earnings at its Oracle Cloud Infrastructure organization to go beyond half a trillion dollars, pressing the stock to tape highs.