22 Sep 2025 | 5 Mins Read
Oracle names insiders co-CEOs in surprise leadership shake-up
Flipitmoney
Oracle named co-CEOs Clay Magouyrk and Mike Sicilia, replacing Safra Catz as CEO after 11 years. Catz, now vice chair, oversaw industry shifts and multi-billion contracts. Shares dropped over 1% premarket. Magouyrk oversees cloud infrastructure and Sicilia cloud-based applications and AI solutions. Oracle reaffirmed half trillion-dollar revenue expectation.