Daijiworld Media Network - Mumbai

Mumbai, Apr 7: In a significant leadership reshuffle following widespread job cuts, US-based technology giant Oracle has appointed Hilary Maxson as its new Chief Financial Officer with immediate effect.

The development comes just days after the company laid off thousands of employees across its global offices, with affected staff receiving termination emails on March 31 as part of a major organisational restructuring exercise.

Maxson, who previously served as Group CFO at Schneider Electric, is expected to play a key role in steering Oracle’s financial strategy as it ramps up investments in artificial intelligence (AI) and cloud infrastructure. Her appointment reflects the company’s focus on strengthening its capabilities in energy-intensive data centre operations.

Outgoing finance executive Doug Kehring will step down from the role and shift his focus back to overseeing go-to-market operations within the company.

Industry analysts note that Oracle is currently undertaking a large-scale expansion of its AI infrastructure, aiming to compete more aggressively with global tech leaders such as Amazon and Microsoft. The company is reportedly incurring substantial debt to fund its ambitious data centre projects.

As per regulatory disclosures, Maxson will draw an annual base salary of $950,000 along with performance-linked incentives. A graduate of Cornell University, she brings with her extensive experience from previous roles at Citibank and Bank of America.

Meanwhile, reports indicate that further layoffs could be on the horizon, with the company expected to trim more roles as it reallocates resources towards AI-driven growth. Oracle is also planning to raise up to $50 billion through a combination of debt and equity to support its expansion plans.

The latest developments underline Oracle’s strategic shift towards becoming a major player in the global AI and cloud computing space, even as it navigates short-term financial pressures.