**Oracle Names Insiders Clay Magouyrk and Mike Sicilia as Its Co-CEOs**
*By Dwaipayan Roy | September 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 succeed Safra Catz, who has led the company for 11 years and has now been named 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 tech companies. Her tenure has been marked by Oracle’s strong position in the rapidly evolving cloud market.
### New Co-CEOs’ Backgrounds and Roles
Mike Sicilia, now co-CEO, currently oversees Oracle’s cloud-based, industry-specific applications and AI solutions across verticals such as healthcare, financial services, and retail. Clay Magouyrk manages Oracle’s underlying cloud infrastructure platform that supports these applications.
Magouyrk joined Oracle in 2014 from Amazon Web Services, bringing deep experience in cloud infrastructure, while Sicilia came to Oracle through its acquisition of Primavera Systems. Together, they are expected to drive Oracle’s continuing innovation and growth.
### Market Response and Financial Outlook
Despite the leadership change, Oracle has reaffirmed its optimistic financial guidance. The company expects booked revenue from its Oracle Cloud Infrastructure business to exceed half a trillion dollars, a forecast that has already helped push Oracle’s stock to record highs.
Although there was a slight dip in premarket trading after the announcement, Oracle shares have outperformed major tech competitors Microsoft and Alphabet this year, fueled by an AI-driven market surge.
### Strategic Partnerships and Industry Influence
Co-founded by Larry Ellison, Oracle remains at the center of high-profile discussions aimed at ensuring TikTok can continue operating in the US. Under the agreement, all data on the app’s American users will be stored on US cloud infrastructure managed by Oracle.
This strategic partnership underscores Oracle’s growing influence and relevance in the digital economy, highlighting its role not just as a technology provider but as a critical player in national data security and infrastructure.
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Oracle’s appointment of Magouyrk and Sicilia as co-CEOs marks a new chapter in the company’s leadership, building on its strong foundation and positioning it for future success in cloud computing and artificial intelligence.
https://www.newsbytesapp.com/news/business/oracle-names-new-co-ceos-as-safra-catz-steps-down/story