More companies adopt co-CEO structure

Core Insights - Oracle has appointed Clay Magouyrk and Mike Sicilia as co-CEOs, succeeding Safra Catz, who has transitioned to the role of vice chair of the board after 11 years in the CEO position [1] Company Changes - The leadership change at Oracle marks a significant shift in the company's management structure, with both new co-CEOs being insiders [1] - Safra Catz's long tenure as CEO has ended, indicating a potential shift in strategic direction for the company under the new leadership [1]