(Reuters) – In a significant leadership shakeup, Oracle has appointed insiders Clay Magouyrk and Mike Sicilia as co-CEOs, effectively taking the helm from Safra Catz, who has led the cloud titan for the past 11 years. Catz, however, will not be disappearing entirely; she remains with the company in the role of vice chair of the board.
Here’s what to know about Oracle’s newly minted co-CEOs, Magouyrk and Sicilia:
Clay Magouyrk
* At just 39, Magouyrk possesses a Bachelor of Science in Electrical Engineering from the University of Memphis. Early in his career, he cut his teeth in engineering roles at Hilton Hotels, before making his way to Amazon.
* He joined Oracle in 2014 after six productive years at Amazon, where he played key roles within Amazon Web Services, the cloud division renowned for its industry dominance.
* As a founding member of Oracle’s cloud engineering team, he has been pivotal in shaping and deploying Oracle Cloud Infrastructure.
* His contributions include a sweeping expansion of Oracle’s global data centers, a move that underscores the company’s commitment to a robust cloud presence.
* As part of his new position, Magouyrk has been awarded stock options allowing him to purchase $250 million in shares, a move that aligns his incentives closely with Oracle’s performance.
Mike Sicilia
* At age 54, Sicilia graduated with a Bachelor of Science in Computer Science from Saint Joseph’s University in Pennsylvania, where he still engages actively, contributing to initiatives aimed at bolstering educational resources.
* Sicilia entered Oracle through its acquisition of Primavera Systems in 2008 and quickly rose to prominence, ultimately serving as chief technology officer there, showcasing a career trajectory that has spanned nearly three decades.
* Most recently, he wore the hat of president of Oracle Industries, managing diverse sectors ranging from retail and finance to healthcare and communications, indicative of his broad industry expertise.
* His philanthropic endeavors are not to be overlooked; Sicilia has led Oracle’s partnerships with various governments and organizations, driving initiatives in public health responses, including the COVID-19 pandemic.
* Sicilia will also receive stock options to purchase $100 million in shares, further cementing his stake in Oracle’s future success.
(Reporting by Kritika Lamba and Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
