Oracle Names Co-CEOs to Replace Catz as Software Provider Raises AI Bets
Julian Sullivan / Getty Images Oracle shares have risen this year as the software provider benefited from the AI boom. KEY TAKEAWAYS Oracle Monday named two new co-CEOs, including the former head of its cloud infrastructure business, to take over from Safra Catz as the software firm boosts its bets on AI. Oracle said Monday that Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, president of Oracle Industries, will be co-CEOs. Oracle shares have surged this year as ...