(Reuters) -Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, replacing Safra Catz, who was at the helm of the cloud services provider for 11 years.
Catz will remain with the company as vice chair of the board.
Here are five things to know about Oracle’s new chiefs Magouyrk and Sicilia:
Clay Magouyrk
* Magouyrk, 39, holds a Bachelor of Science degree inelectrical engineering from the University of Memphis. His earlyprofessional experience includes engineering roles at HiltonHotels, followed by Amazon. * He joined Oracle in 2014, after six years at Amazon andits cloud division, Amazon Web Services, where he held seniorcloud leadership roles. * Magouyrk is a founding member of Oracle’s cloudengineering team and has been instrumental in designing andimplementing Oracle Cloud Infrastructure. * He is also credited with significantly expanding Oracle’sglobal data-center operations. * As part of the new role, Magouyrk will be granted stockoptions to purchase $250 million in shares.
Mike Sicilia
* Sicilia, 54, holds a Bachelor of Science degree incomputer science from Saint Joseph’s University in Pennsylvania.He remains actively engaged with his alma mater, serving on theboard of Friends of Father Judge High School and supportingfundraising initiatives. * Sicilia joined Oracle through its 2008 acquisition ofproject management software provider Primavera Systems, where helast held the role of chief technology officer. He began hiscareer as a software engineer in 1993. * He was most recently the president of Oracle Industries,overseeing businesses, including retail, financial services,healthcare, communications, engineering and construction. * Sicilia is also actively involved in philanthropicefforts, leading Oracle’s partnerships with governments andorganizations worldwide in areas such as COVID-19 response andhealthcare innovation. * As part of the new role, Sicilia will be granted stockoptions to purchase $100 million in shares.
(Reporting by Kritika Lamba and Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
