Apr. 6 at 7:52 PM
Oracle Corporation has appointed Hilary Maxson, a former executive at Schneider Electric, as its new CFO to help manage the company’s aggressive expansion into AI-driven data center infrastructure.
The move reflects Oracle’s transformation from a traditional database software provider into a major cloud infrastructure player. The company is investing tens of billions of dollars to build out data centers capable of supporting large-scale AI workloads for clients like OpenAI and Meta Platforms.
Oracle stated that capturing this opportunity will require disciplined capital allocation, efficient capacity delivery, and scalable recurring revenue generation. Maxson will report directly to CEO Clay Magouyrk and is expected to play a key role in navigating the financial complexity of this expansion.
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