Oracle Names Two Presidents as Co-CEOs

Oracle Restructures Leadership with Focus on AI Infrastructure

A significant shift is underway at Oracle as the company strategically positions itself for leadership in the rapidly evolving landscape of AI infrastructure. The organization announced on Monday the elevation of both Clay Magouyrk and Mike Sicilia to the positions of co-CEO.

Executive Appointments and Backgrounds

Clay Magouyrk initially joined Oracle in 2014, bringing experience gained at Amazon Web Services. He was instrumental in the formation of Oracle’s cloud engineering division and has subsequently led the cloud infrastructure business unit for over ten years.

Mike Sicilia’s tenure with Oracle began in 2008, following the company’s acquisition of Primavera Systems, a project portfolio management firm. He most recently served as president of Oracle’s industries division, a role he assumed in June.

Safra Catz Transitions to New Role

Safra Catz, who has held the position of Oracle’s CEO since 2014, will be assuming a new capacity as executive vice chair of the Oracle board of directors.

“Oracle is now widely acknowledged as a preferred cloud platform for both AI training and AI inferencing,” Catz stated. “The strength of Oracle’s technology and its business operations has never been greater, and current growth rates suggest a highly successful future. This is an opportune moment to transition the CEO role to a new generation of proven leaders.”

Strategic Investment in AI Infrastructure

While historically recognized as a cloud infrastructure provider, Oracle is actively strengthening its position within the AI infrastructure sector. The company’s involvement in the $500 billion Stargate Project, alongside OpenAI and SoftBank, was announced earlier this year, with the aim of constructing data centers and AI infrastructure within the United States.

Recent reports indicate a substantial agreement with OpenAI, wherein Oracle will provide $300 billion in compute resources. Furthermore, Reuters reported on Friday that a $20 billion compute deal with Meta is also being finalized.

TechCrunch has contacted Oracle seeking additional details regarding this leadership transition.

Key Takeaways

• Oracle is prioritizing AI infrastructure as a core strategic focus.
• The appointment of co-CEOs signals a commitment to innovation and growth.
• Significant investments, such as the Stargate Project and deals with OpenAI and Meta, demonstrate Oracle’s dedication to the AI market.