Oracle
Who is Hilary Maxson? Oracle appoints new CFO amid recent layoffs
Oracle Corporation has announced the appointment of Hilary Maxson as its new Chief Financial Officer (CFO), just days after reports of layoffs affecting around 30,000 employees globally, including 12,000 in India.
Maxson will report to CEO Clay Magouyrk and will lead the company’s global finance organisation. Her appointment became effective on April 6, 2026.
Appointment Comes Amid Rapid Growth
In a statement, Oracle said Maxson is joining at a time of rapid growth, with customer demand for cloud infrastructure outpacing supply. The company highlighted strong momentum driven by demand for AI training and inferencing, multicloud databases, and cloud applications.
Oracle added that its most recent quarter marked its strongest performance in over 15 years, with more than 20% growth in both organic total revenue and non-GAAP earnings per share.
“Meeting this opportunity requires efficient capital allocation, capacity expansion, innovation, and the ability to generate profitable, recurring revenue,” the company said.
Leadership’s Vote of Confidence
“We are pleased to have found a financial leader who reflects our culture of strong financial and operational discipline and has experience scaling capital-intensive global organisations,” said Magouyrk. “Hilary’s background spans industrial, infrastructure, and software sectors—areas where execution excellence is critical. Alongside Mike Sicilia, we look forward to working with her.”
He also thanked Doug Kehring for leading the finance function over the past six months, adding that Kehring will now return to focusing on optimising and accelerating Oracle’s go-to-market operations.
Maxson said she is excited to join Oracle at a pivotal moment. “Oracle has built extraordinary momentum at the intersection of cloud, AI, and industry applications. I look forward to partnering with the leadership team to translate this momentum into long-term value for customers and shareholders,” she said.
Who is Hilary Maxson?
Before joining Oracle, Maxson served as Executive Vice President and Group CFO at Schneider Electric, a global leader in electrification, automation, and digitalisation with over $45 billion in annual revenue.
Since joining Schneider Electric in 2017, she played a key role in transforming the company from an electrical equipment supplier into a digital energy technology partner, focusing on software, data, and AI-driven solutions for sectors such as utilities and data centres.
Earlier in her career, she spent 12 years at AES Corporation, where she held senior leadership roles across finance, strategy, and mergers and acquisitions, supporting complex infrastructure investments worldwide.
Maxson holds a bachelor’s degree and an MBA from Cornell University. She also serves as a non-executive director and Chair of the Audit Committee at Anglo American plc.
Compensation Details
According to a report by Fox News, Maxson will receive an annual base salary of $950,000. She will also be eligible for a performance-based bonus with a target of $2.5 million, as disclosed in a regulatory filing.
With her appointment, Kehring will transition out of the role of Oracle’s Principal Financial Officer.
Oracle has reportedly slashed around 30,000 jobs globally, including nearly 12,000 in India, in a sweeping round of layoffs, media reports said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
