Oracle has appointed co-CEOs Clay Magouyrk and Mike Sicilia, marking a significant leadership overhaul aimed at accelerating the company's pivot towards next-generation AI and cloud technology. The move breaks with traditional single-CEO models and couples younger cloud engineering expertise with veteran industry leadership. Both executives were granted stock option packages worth $350 million combined, contingent on performance metrics and sustained growth. This strategic arrangement positions Oracle to compete aggressively in the evolving AI technology landscape with a diversified executive approach.