The Oracle headquarters in Austin, Texas, on April 24, 2024.
Brandon Bell | Getty Images
Oracle is promoting its presidents of cloud infrastructure, Clay Magouyrk, and industries, Mike Sicilia, to co-CEOs, the company announced Monday.
Safra Catz, the software giant’s current CEO, will serve as executive vice chair on the company board.
Shares of the company fell over 1% in premarket trading on Monday morning.
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