Oracle is restructuring its executive leadership as it intensifies its focus on dominating AI infrastructure. The company announced on Monday that it is promoting Clay Magouyrk and Mike Sicilia to the roles of co-CEO.
Clay Magouyrk joined Oracle in 2014 from Amazon Web Services. He was a founding member of Oracle’s cloud engineering team and has served as the president of Oracle’s cloud infrastructure business unit for more than a decade. Mike Sicilia has been the president of Oracle’s industries division since June. He has held several roles at the company since joining through Oracle’s acquisition of project portfolio management company Primavera Systems in 2008.
Safra Catz, who has been Oracle’s CEO since 2014, is transitioning to a new role as the executive vice chair of Oracle’s board of directors. In a statement, Catz said, “Today, Oracle is recognized as the cloud of choice for both AI training and inferencing. I’m very proud of that. Oracle’s technology and business have never been stronger. And our breathtaking growth rate points to an even more prosperous future. At this time of strength is the right moment to pass the CEO role to the next generation of capable executives.”
While traditionally known as a cloud infrastructure provider, Oracle has recently started to cement its place in the AI infrastructure race. Earlier this year, the company announced its participation in the $500 billion Stargate Project, alongside OpenAI and SoftBank, to build data centers and AI infrastructure in the United States.
Earlier this month, it was reported that the company signed a landmark deal with OpenAI to supply the AI company with $300 billion worth of compute capacity. More recently, reports indicate that Oracle was finalizing a smaller, but still sizable, $20 billion compute deal with Meta.
TechCrunch has reached out to Oracle for more information on this leadership transition.