Oracle Names Magouyrk and Sicilia as CEOs, Replacing Catz
Oracle, the tech giant, has announced a leadership change. Clay Magouyrk and Mike Sicilia have been promoted to the joint role of chief executive officer, replacing Safra Catz, who has led the company since 2014. Catz will now assume the position of executive vice chair of the board. The decision to appoint Magouyrk and Sicilia as co-CEOs marks a shift in Oracle's leadership structure. Magouyrk and Sicilia, both long-serving Oracle executives, will now be responsible for overseeing the company's operations and strategic direction. The transition in leadership comes as Oracle continues to navigate the ever-evolving technology landscape and adapt to the changing needs of its customers. The appointment of Magouyrk and Sicilia is seen as a move to provide a fresh perspective and drive the company's growth in the coming years.
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