**Oracle Names Insiders Clay Magouyrk and Mike Sicilia as Co-CEOs**
*By Dwaipayan Roy | September 22, 2025, 8:00 PM*
Oracle has announced a significant leadership transition with the appointment of Clay Magouyrk and Mike Sicilia as its new co-CEOs. They will succeed Safra Catz, who 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 multi-year contracts for data centers and cloud services from major technology companies. Her leadership helped drive Oracle’s strong position in the cloud computing market.
### New Co-CEOs’ Backgrounds and Roles
Mike Sicilia currently oversees Oracle’s cloud-based industry-specific applications and AI solutions, focusing on sectors such as healthcare, financial services, and retail. Clay Magouyrk manages the company’s core cloud infrastructure platform that powers these applications.
Magouyrk joined Oracle in 2014 from Amazon Web Services, while Sicilia came to Oracle through the acquisition of Primavera Systems. Together, their combined expertise positions Oracle for continued growth in both infrastructure and industry-focused cloud solutions.
### Market Response and Financial Outlook
Despite the leadership change, Oracle has reaffirmed its positive financial guidance. The company expects revenue from its Oracle Cloud Infrastructure business to exceed half a trillion dollars, a milestone that has already propelled its stock to record highs.
Although there was a slight dip in premarket trading following the co-CEO announcement, Oracle shares have outperformed tech giants like Microsoft and Alphabet this year, fueled largely by an AI-driven surge in demand.
### Strategic Partnerships
Oracle remains in the spotlight through its strategic partnership involving TikTok’s US operations. Co-founded by Larry Ellison, Oracle is set to manage all data from TikTok’s American users on its US-based cloud computing infrastructure. This arrangement underscores Oracle’s growing influence and critical role in today’s digital ecosystem.
With this leadership transition and ongoing strategic initiatives, Oracle continues to solidify its position as a key player in the cloud and AI landscapes.
https://www.newsbytesapp.com/news/business/oracle-names-new-co-ceos-as-safra-catz-steps-down/story
