Oracle appointed Clay Magouyrk and Mike Sicilia as co-CEOs on September 22, 2025, succeeding Safra Catz. The company will spotlight these two executives at its October user conference as the public faces of its AI strategy: Magouyrk oversees cloud infrastructure and AI workloads, including the OpenAI partnership, while Sicilia leads industry-specific applications. Larry Ellison retains his roles as executive chairman and CTO, but his visibility has sharply declined, being absent from earnings calls throughout 2026. Oracle is betting on AI infrastructure as its primary growth driver, with notable delays in data center construction, including a site in New Mexico pushed back to February 2027.
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