Oracle is replacing CEO Safra Catz with two co-CEOs
image via The Verge
September 22, 2025, 4:05 PM
- •Safra Catz steps down as CEO of Oracle.
- •Clay Magouyrk and Mike Sicilia become co-CEOs.
- •Oracle focuses on AI.
- •Oracle signed a $300 billion deal with OpenAI.
Oracle is undergoing a leadership change as Safra Catz steps down as CEO after eleven years. Clay Magouyrk and Mike Sicilia, previously leading cloud infrastructure and applications/AI respectively, will take over as co-CEOs. The company is focusing on leading Oracle "into the AI era," following a $300 billion computing power deal with OpenAI. Catz will remain as vice chair of the board, and the transition comes as Oracle is involved in potential deals regarding TikTok.
Entities Mentioned
Safra CatzClay MagouyrkMike SiciliaDonald Trump
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