Oracle Appoints Hilary Maxson as CFO
Oracle appointed Hilary Maxson as its chief financial officer, bringing in an executive with extensive expertise in infrastructure and energy as it increases investments to satisfy rising demand for artificial intelligence and cloud services.
The appointment, restoring an important role after Safra Catz assumed the role of co-CEO and principal financial officer in 2014, arrives at a time when investors are carefully monitoring the significant AI infrastructure investments by leading tech firms.
Maxson, 48, is coming from French industrial giant Schneider Electric, where she held the position of group CFO. Oracle stated that her appointment takes effect immediately.
Investors have closely examined Oracle's development of AI infrastructure as its debt increases. The firm projects $50 billion in capital spending for its fiscal year concluding in May, more than doubling compared to the last fiscal year.
Oracle's free cash flow turned into a deficit of $394 million in fiscal 2025, in contrast to the total of $25.3 billion accumulated between 2022 and 2024.
The cloud computing firm announced in February that it aimed to generate up to $50 billion this year via a mix of debt and equity offerings. Its stock has dropped approximately 25% this year and decreased by about 1% on Monday.
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Maxson, reporting to Oracle co-CEO Clay Magouyrk, stated her goal was to maintain disciplined investments to generate enduring value for customers and shareholders alike.
"Jacob Bourne, an Emarketer analyst, mentions that maintaining a conventional CFO title aligns Oracle more closely with the organizational frameworks of its competitors amidst the current scrutiny of AI investments."
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At the same time, Oracle is also reducing its workforce, aligning with other firms that have eliminated positions as some shift their investments towards AI initiatives.
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Since her arrival in 2017, Schneider evolved from a provider of electrical equipment into a digital energy technology ally for major sectors using software, data, and AI, according to Oracle.
Schneider mentioned remarks regarding the CFO transition made in February during its earnings and refrained from additional comments.