Economy

Oracle Appoints Hilary Maxson as New CFO Amid Layoffs

Saturday, May 9, 2026
5 min read
Oracle Appoints Hilary Maxson as New CFO Amid Layoffs

Oracle made a big move on Monday. They brought in Hilary Maxson as the new Chief Financial Officer. This news comes right after the company announced massive layoffs—nearly thirty thousand people globally, they said.

Maxson steps in immediately. She comes from Schneider Electric, where she was already CFO and EVP for about six years. It’s a big pivot.

Oracle framed the hire around "rapid growth." They mentioned the demand for their cloud infrastructure just outpacing what they could supply. She’ll report to co-CEO Clay Magouyrk.

The details on the pay are heavy. Maxson is getting a $950,000 base salary. On top of that, there’s a performance bonus targeted at $2.5 million.

But the real kicker is the equity. That’s $26 million in awards. Eighty percent of that, $20.8 million, is tied to time vesting. The rest, $5.2 million, depends on performance. She gets to choose between pure stock options or a mix of stock and RSUs.

The vesting schedule is spread out. That time-based part vests over four years. That assumes she stays put. The performance piece, the $5.2 million, vests over three years, ending May 31, 2028, contingent on hitting revenue targets.

She’s got a solid background, though. Cornell MBA, bachelor’s deGree. She also sits on boards, non-executive director and chairing the Audit Committee at Anglo American plc.

Before Oracle, she was EVP and Group CFO at Schneider Electric. That company is huge—electrification, automation, all that digital stuff. Revenue over $45 billion.

She spent more than ten years at AES Corporation before that. Finance, strategy, M&A. Big infrastructure investments across the globe.

Doug Kehring is stepping down as the Principal Financial Officer. But he stays on as EVP of Operations.

This whole leadership shuffle happens right after the layoffs.

They’re fighting Amazon and Microsoft for that space.

They are trying to fund this expansion aggressively. Reports suggest they’re aiming to raise between $45 billion and $50 billion in 2026. That money comes from debt and equity. Their total debt already sits north of $100 billion, including $58 billion spent on data center investments. It’s a lot of pressure.

Written by Gree News Team — Senior Editorial Board

Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.

#sensational#economy#global#trending

More from Economy

View All

Latest Headlines