Oracle Replaces Catz With Two Co-CEOs

Leadership Transition - Oracle announced a CEO change, with Safra Catz, who has been with the company for 26 years, transitioning to vice chair [1][2] - Oracle's co-CEOs, Clay Magirk and Mike Sicilia, are taking the lead, signaling a focus on growth [4] - Clay Magirk, who joined from Amazon in 2014, has been instrumental in pushing the infrastructure side of the business [2][3][4] Strategic Focus - Oracle is involved in TikTok's US business algorithm [1] - Oracle is focusing on cloud, infrastructure, and data center services, driven by the increasing market capitalization [2][3] - Oracle is investing in A I applications, with Mike Sicilia leading this area [3][4]