Oracle Moved Up Leadership Succession Plans After Stock Rally

Oracle Corp. has accelerated its leadership succession plans in recent months due to a significant boost in its cloud business and a strong stock market performance. The company's long-time CEO, Larry Ellison, has stepped down from his role and assumed the position of Chief Technology Officer. Safra Catz, who previously served as co-CEO, has now become the sole CEO of Oracle. This leadership transition is seen as a strategic move to align the company's management with its growing cloud computing segment, which has become a critical driver of Oracle's business. The article suggests that the accelerated succession planning was influenced by the company's impressive stock market performance, which has further underscored the importance of ensuring a smooth transition at the top. The article provides insights into the evolving dynamics within Oracle's leadership as the company navigates the shifting technology landscape.