(Reuters) -Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, changing Safra Catz, who was on the helm of the cloud providers supplier for 11 years.
Catz will stay with the corporate as vice chair of the board.
Listed here are 5 issues to find out about Oracle’s new chiefs Magouyrk and Sicilia:
Clay Magouyrk
* Magouyrk, 39, holds a Bachelor of Science diploma inelectrical engineering from the College of Memphis. His earlyprofessional expertise contains engineering roles at HiltonHotels, adopted by Amazon. * He joined Oracle in 2014, after six years at Amazon andits cloud division, Amazon Internet Companies, the place he held seniorcloud management roles. * Magouyrk is a founding member of Oracle’s cloudengineering group and has been instrumental in designing andimplementing Oracle Cloud Infrastructure. * He’s additionally credited with considerably increasing Oracle’sglobal data-center operations. * As a part of the brand new position, Magouyrk might be granted stockoptions to buy $250 million in shares.
Mike Sicilia
* Sicilia, 54, holds a Bachelor of Science diploma incomputer science from Saint Joseph’s College in Pennsylvania.He stays actively engaged along with his alma mater, serving on theboard of Pals of Father Decide Excessive Faculty and supportingfundraising initiatives. * Sicilia joined Oracle by way of its 2008 acquisition ofproject administration software program supplier Primavera Programs, the place helast held the position of chief expertise officer. He started hiscareer as a software program engineer in 1993. * He was most just lately the president of Oracle Industries,overseeing companies, together with retail, monetary providers,healthcare, communications, engineering and building. * Sicilia can be actively concerned in philanthropicefforts, main Oracle’s partnerships with governments andorganizations worldwide in areas akin to COVID-19 response andhealthcare innovation. * As a part of the brand new position, Sicilia might be granted stockoptions to buy $100 million in shares.
(Reporting by Kritika Lamba and Zaheer Kachwala in Bengaluru; Enhancing by Shilpi Majumdar)
