Oracle Corporation (NYSE: ORCL) appointed Hilary Maxson as its new chief financial officer on April 6, reinstating a position the software giant had eliminated more than a decade ago as it executes a sweeping restructuring and a $50 billion bet on artificial intelligence infrastructure.
Maxson joins from Schneider Electric, where she served as group CFO and helped transform the French industrial conglomerate from an electrical equipment supplier into a digital energy technology company. She reports to co-CEO Clay Magouyrk and leads Oracle’s global finance organization, effective immediately.
Her compensation package includes an annual base salary of $950,000, a performance bonus target of $2.5 million, and a $26 million equity grant — bringing her total package to approximately $29.7 million, inclusive of up to $250,000 in relocation costs. Of the equity grant, $20.8 million is time-based and vests over four years, while $5.2 million is performance-based and vests over three years, tied to revenue metrics. Maxson may elect to receive the grant as either 100% stock options or a 50/50 split of stock options and restricted stock units.
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The appointment follows Oracle’s decision to cut thousands of jobs. Analysts at TD Cowen estimated reductions could reach between 20,000 and 30,000 positions — roughly 18% of Oracle’s 162,000-person global workforce as of May 2025 — and free up $8 billion to $10 billion in annual free cash flow. Oracle has not publicly confirmed a headcount figure.
Read: Oracle Cuts Up to 30,000 Jobs to Fund AI Infrastructure Push
Oracle set aside up to $2.1 billion in restructuring costs for fiscal year 2026, the bulk of which covers employee severance and related expenses, according to a March regulatory filing.
Oracle is racing to build AI data centers as customer demand outpaces supply. The company projects $50 billion in capital expenditures for its fiscal year ending in May — more than double its prior-year spending — and posted $553 billion in remaining performance obligations in its most recent quarter, a 325% jump year-over-year driven largely by large-scale AI contracts.
The most recent quarterly results marked Oracle’s strongest performance in over 15 years, with organic total revenue and non-GAAP earnings per share each surpassing 20% growth.
Maxson’s appointment reinstates the CFO role that went dormant in 2014 when Safra Catz became co-CEO and principal financial officer. Doug Kehring, who ran Oracle’s finance operations for the past six months as principal financial officer, returns to go-to-market operations.
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