Oracle Appoints Hilary Maxson as New Chief Financial Officer
Oracle has officially appointed Hilary Maxson as its new Chief Financial Officer, effective immediately. Maxson, 48, joins from Schneider Electric, where she served as Executive Vice President and Group CFO since 2020. She will report to co-CEO Clay Magouyrk and is set to receive an annual base salary of $950,000, a performance bonus target of $2.5 million, and an equity grant valued at $26 million. This appointment follows the departure of Doug Kehring, who previously served as Principal Financial Officer since September. Kehring will transition out of the CFO role but remain with Oracle as Executive Vice President of Operations, focusing on strategic initiatives. The leadership change occurs shortly after Safra Catz retired as CEO and handed control to co-CEOs Magouyrk and Mike Sicilia.
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Oracle Appoints Hilary Maxson as New Chief Financial Officer
Oracle has officially appointed Hilary Maxson as its new Chief Financial Officer, effective immediately. Maxson, 48, joins from Schneider Electric, where she served as Executive Vice President and Group CFO since 2020. She will report to co-CEO Clay Magouyrk and is set to receive an annual base salary of $950,000, a performance bonus target of $2.5 million, and an equity grant valued at $26 million. This appointment follows the departure of Doug Kehring, who previously served as Principal Financial Officer since September. Kehring will transition out of the CFO role but remain with Oracle as Executive Vice President of Operations, focusing on strategic initiatives. The leadership change occurs shortly after Safra Catz retired as CEO and handed control to co-CEOs Magouyrk and Mike Sicilia.
WSJ.com: US Business