**Oracle Names Insiders Clay Magouyrk and Mike Sicilia as Co-CEOs**
*By Dwaipayan Roy | Sep 22, 2025, 8:00 PM*
Oracle has announced a significant leadership change with the appointment of Clay Magouyrk and Mike Sicilia as its new co-CEOs. They will be succeeding Safra Catz, who has led the company for 11 years and has now transitioned to the role of vice chair of the board.
**Leadership Transition**
Safra Catz played a pivotal role in shaping Oracle’s AI strategy and securing major multi-year contracts for data centers and cloud services from leading technology companies. Her departure marks the end of an era for Oracle and the beginning of a dual leadership model.
**New Co-CEOs’ Backgrounds and Roles**
Mike Sicilia, now co-CEO, is responsible for overseeing cloud-based industry-specific applications and AI solutions across verticals such as healthcare, financial services, and retail. Sicilia joined Oracle through the acquisition of Primavera Systems.
Clay Magouyrk manages Oracle’s underlying cloud infrastructure platform that powers these applications. He joined Oracle in 2014, coming from Amazon Web Services, bringing extensive cloud infrastructure expertise to the role.
**Market Response and Financial Outlook**
Despite the leadership change, Oracle has reaffirmed its strong financial outlook. The company expects booked revenue from its Oracle Cloud Infrastructure business to surpass half a trillion dollars. This optimistic forecast has already driven Oracle’s stock to record highs.
Although the announcement triggered a slight dip in premarket trading, Oracle shares have still outperformed tech giants Microsoft and Alphabet this year, buoyed by a surge in AI-driven demand.
**Strategic Partnerships**
Oracle continues to bolster its influence in the tech world through strategic partnerships, notably its involvement in TikTok’s US operations. Co-founded by Larry Ellison, Oracle will manage the storage of all US user data on its cloud computing infrastructure. This partnership underscores Oracle’s growing relevance and prominence in navigating today’s complex digital landscape.
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Oracle’s appointment of co-CEOs Clay Magouyrk and Mike Sicilia signals a new chapter for the company as it strengthens its cloud and AI capabilities while maintaining steady financial growth and strategic industry partnerships.
https://www.newsbytesapp.com/news/business/oracle-names-new-co-ceos-as-safra-catz-steps-down/story