All articles tagged with #safra catz
Oracle is replacing CEO Safra Catz with two co-CEOs, Clay Magouyrk and Mike Sicilia, to lead the company into the AI era, while Catz remains as vice chair. The company is focusing on AI and cloud computing, highlighted by a recent $300 billion deal with OpenAI, and is involved in US-China tech negotiations related to TikTok.
Oracle has appointed Clay Magouyrk and Mike Sicilia as co-CEOs to emphasize its focus on expanding its cloud infrastructure business, which is set to become its largest revenue segment, while Safra Catz steps back to an executive vice chair role amid strategic shifts and significant investments in cloud services.
Oracle has appointed Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz who will become executive vice chair, signaling a focus on AI and cloud services; Oracle's stock rose 1.6% following the announcement, amid strong cloud business growth and potential U.S. TikTok deal.
Oracle Corporation has promoted Clay Magouyrk and Mike Sicilia to CEOs, focusing on AI and cloud infrastructure growth, while Safra Catz has been appointed Executive Vice Chair of the Board of Directors, signaling a leadership transition and continued focus on AI and cloud innovation.
Skydance Media announced a new board for the upcoming Paramount merger, featuring notable industry leaders including former Paramount CEO Sherry Lansing and Oracle CEO Safra Catz, to guide the company's future growth and strategy.