Mon Sep 22 12:30:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the Reuters report:

**Oracle Shakes Up Leadership: Magouyrk and Sicilia Named Co-CEOs, Catz Moves to Vice Chair**

**Redwood Shores, CA -** Oracle announced a significant leadership change on Monday, appointing Clay Magouyrk and Mike Sicilia as co-Chief Executive Officers. The move sees Safra Catz, who served as CEO for 11 years, transition to the role of Vice Chair of the Board.

Catz, a long-time Oracle executive and board member, is credited with spearheading the company’s artificial intelligence strategy, securing major, multi-year contracts for data centers and cloud services. She will remain a director on the board.

The appointment of Magouyrk and Sicilia, both Oracle insiders, signals a continued focus on cloud infrastructure and industry-specific AI solutions. Magouyrk, formerly of Amazon Web Services, currently leads Oracle’s cloud infrastructure platform. Sicilia oversees cloud-based applications and AI within key sectors like healthcare, financial services, and retail.

The company is incentivizing the new leaders with significant stock options: Magouyrk will receive options to purchase $250 million in shares, while Sicilia will receive options for $100 million worth.

The announcement comes amidst a surge in Oracle’s stock price, fueled by growing demand for its AI and cloud offerings. The company’s shares are up approximately 85% this year, approaching a trillion-dollar valuation. While the news initially caused a slight dip in premarket trading (down more than 1%), Oracle has outperformed tech giants like Microsoft and Alphabet this year and is currently a front-runner for new cloud deals.

Oracle, co-founded by Larry Ellison, is also playing a crucial role in the ongoing discussions surrounding TikTok’s operations in the United States. The company is slated to host all data for American users on its U.S. cloud computing infrastructure.

Alongside the leadership announcement, Oracle reaffirmed its financial forecast provided earlier this month, projecting booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars.

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