tech
April 9, 2026
Oracle appoints Hilary Maxson as CFO to manage its $50 billion AI data centre push
Oracle has appointed Hilary Maxson, former executive vice president and group chief financial officer at Schneider Electric, as its new chief financial officer, effective 6 April 2026. Maxson reports to chief executive Clay Magouyrk and takes on the role at a moment when Oracle is committing $50 billion in capital expenditure for its current fiscal year, has laid off up to 30,000 employees, and operates as a central partner in the Stargate AI data centre joint venture with OpenAI and SoftBank.
TL;DR
- Hilary Maxson appointed as Oracle's new CFO, effective April 6, 2026.
- Oracle is committing $50 billion in capital expenditure for its current fiscal year for AI data centers.
- Up to 30,000 employees were laid off globally on March 31, 2026.
- Maxson's previous role at Schneider Electric involved transforming a traditional manufacturer into a digital energy technology company.
- This experience is seen as analogous to Oracle's pivot from enterprise software to AI cloud infrastructure.
- Maxson will receive a base salary of $950,000 and a target bonus of $2.5 million.
- Oracle is a key partner in the $500 billion Stargate AI infrastructure joint venture with OpenAI and SoftBank.
- The company's financial strategy is increasingly focused on its growing Oracle Cloud Infrastructure (OCI) business.
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