Oracle’s Safra Catz is stepping down as chief executive, with the US software group splitting the role between two top lieutenants, as it accelerates its shift into the infrastructure powering the artificial intelligence boom.
Clay Magouyrk and Mike Sicilia would become co-chief executives, Oracle said on Monday. Catz, who has been CEO since 2014, will become executive vice-chair of the board.
The management shake-up comes just over a week after Oracle’s latest quarterly results highlighted how it has benefited from a groundswell in demand for data centre infrastructure from AI start-ups and other major technology groups.
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