Oracle implemented a major leadership restructuring by appointing two co-CEOs, Clay Magouyrk and Mike Sicilia, succeeding longtime CEO Safra Catz. The new leaders bring complementary expertise, with Magouyrk focusing on cloud infrastructure, particularly as a younger cloud-native leader, and Sicilia leading application businesses with veteran experience. The co-CEO model challenges traditional skepticism about dual leadership by emphasizing distinct areas of responsibility, shared values, and clear conflict resolution mechanisms. Oracle's stock surged 6.3% on the announcement, reflecting market optimism about the company's AI-driven growth trajectory. The new executives received stock option grants valued at $350 million combined, conditioned on maintaining stock performance through 2029, signaling long-term commitment. CTO Larry Ellison remains as board chair and technology leader, solidifying Oracle's strategy to lead in AI-enabled cloud solutions.