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Fortune
Fortune
Amanda Gerut

Oracle’s new Gen X and Millennial CEOs get stock options worth $350 million—but they'll have to keep the stock soaring to collect

Oracle Safra Catz Clay Magouyrk Mike Sicilia Larry Ellison Mark Hurd
(Credit: Photo by CHANDAN KHANNA/AFP via Getty Images)

Oracle announced that longtime CEO Safra Catz will be replaced by two new internal hires: Clay Magouyrk, 39, and Mike Sicilia, 54. The outgoing CEO described the two as “a match made in heaven”—two technical executives who can further propel Oracle into the AI era.

The move will marry veteran industry leadership from Sicilia with younger cloud-native expertise in Magouyrk. The latter is a founding member of the $920 billion tech firm’s cloud engineering team and Oracle named him president of cloud infrastructure in June 2025. Before joining Oracle in 2014, Magouyrk was a senior engineer at Amazon and Amazon Web Services. Sicilia joined Oracle after it acquired Primavera Systems in 2008, where Sicilia was chief technology officer. He later served as executive vice president in Oracle’s industries unit and in its global business units. In June, Oracle named him president in industries. 

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