Oracle Names New Co-CEOs as It Bets Business on Cloud (3)

Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business.

The 39-year-old Magouyrk was one of Oracle Cloud Infrastructure’s first employees after a stint at Amazon.com Inc. and rapidly climbed the ranks at Oracle. Sicilia, 54, was most recently president of Oracle Industries, where his experience included oversight of software applications for specific business sectors and the acquisition of health records business Cerner Corp.

Clay Magouyrk

Photographer: Chona Kasinger/Bloomberg

The elevations underscore how Oracle is betting its future on cloud infrastructure, the business of building data centers that ...