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.
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.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
