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Oracle is shaking up its executive ranks to double down on AI and cloud growth. Longtime CEO Safra Catz will transition to Executive Vice Chair, while the company reinstates a co-CEO structure—signaling a bold strategic shift toward hyperscale cloud and AI infrastructure.

• Clay Magouyrk, promoted from President of Oracle Cloud Infrastructure (OCI), and Mike Sicilia, former President of Oracle Industries, will serve as co-CEOs.
• Magouyrk brings deep technical expertise, having led OCI's Gen2 platform—powering public cloud and gigawatt-scale AI training datacenters.
• Sicilia brings domain depth in vertical applications and applied AI, having driven adoption of AI Agents across Oracle's healthcare, banking, and other industry suites.

Recall that, earlier this month, Oracle issued a jaw-dropping update on remaining performance obligations (RPO):

• RPO now exceeds $455 bln, up 359% yr/yr and surging from $138 bln just last quarter (Q4).
• Cloud RPO alone skyrocketed nearly 500% on top of 83% growth last year.
• The company provided massive OCI guidance through FY30 and expects RPO to top $0.5 trillion in the future.

Oracle has quickly emerged as a top destination for AI workloads, landing major deals with OpenAI, xAI, Meta, NVIDIA, AMD, and others.

Briefing.com Analyst Insight:

This leadership change is a clear signal: Oracle is going all-in on AI and cloud. The co-CEO structure allows it to harness both operational and technical firepower as it seeks to rival AWS, Azure, and Google Cloud. With RPO growth off the charts and long-term contracts pouring in, Oracle is entering a transformative phase. This could be a pivotal moment for the stock—Oracle is no longer just playing catch-up; it's positioning to lead.