2025-06-13T20: 36: 51z
- Oracle appointed two new presidents.
- People are part of the Caliphate Plan for the Cloud Company.
- Oracle shares have recently reached a record level, which reflects the popularity of the renewed institution.
Oracle revealed two new presidents in the company’s files on Friday. This step can have a wider caliphate effects on the cloud giant.
The company lists the coach of Clay Magouyrk and the head of industries, Michael Cecilia, each of them is “president”, showing two of the deposit of the Securities and Stock Exchange Committee. The models are not explicitly mentioned promotion, but the executives were not previously included as “presidents”, according to a person familiar with the matter.
The person familiar with the matter said that CEOs are part of the Caliphate Plan for the company in which the billionaire and former CEO Larry Ellison participated. Elson is now a senior technology official and CEO.
Another familiar person said that Ellison did not go anywhere at this time.
The new titles of Magouyrk and Sicilia mimic a similar pattern played years ago before Ellison stepped as an executive president.
Oracle used the bilateral structure three times throughout its history. The first time, Safra Catz, CEO of Safra Catz, has now, with a former executive director, replaced Charles Phillips JR. Oracle Phillips with the late Mark Hurd after Hurd Hp. Each of them won the title until they were promoted to CO-CEOS in 2014 when he fell. Herd died in 2019, and while Elison considered potential caliphs, Katz chose Katz to remain the only CEO.
Magouyrk is a former Amazon development engineer who joined Oracle as an individual shareholder in 2014. He quickly impressed Elison and Catz of his ability to achieve results quickly, which led to his rapid rise through the ranks of the Oracle cloud infrastructure. His driving style was sometimes controversial.
Sicilia is the CEO of Oracle Industries. He is the CEO who was leading the Oracle seizure of Serner.
Executive officials will help Oracle leadership, where traction is gained in the cloud computers market. Oracle shares reached a record this week after overcoming analysts and increasing their revenue expectations.
Piper Sandler wrote in a note after issuing profits that the company “entered a completely new wave of the popularity of the institution that it has not seen since the Internet in the late 1990s.”
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