Oracle has named Hilary Maxson as its new chief financial officer, effective immediately. Maxson, formerly group CFO at Schneider Electric, brings extensive experience in infrastructure and energy to Oracle as the company significantly increases its investments in artificial intelligence and cloud services.
This appointment comes at a critical time, with investors closely monitoring the substantial AI infrastructure spending by major tech firms. Oracle's capital expenditure is projected to exceed $50 billion for the fiscal year ending May, more than double the previous year's figure. The company's free cash flow swung to a deficit in fiscal 2025, after generating billions in the preceding years.
Maxson, who will report to co-CEO Clay Magouyrk, stated her commitment to disciplined investment for sustained value creation. Analysts note that reinstating a traditional CFO title aligns Oracle with industry peers amid current scrutiny of AI investments.
In parallel, Oracle is also implementing workforce reductions, redirecting resources toward its AI initiatives. Prior to joining Oracle, Maxson held senior finance and strategy roles at AES Corp for 12 years. Doug Kehring, who led finance operations following the co-CEO appointments, will now focus on go-to-market operations. Maxson's compensation includes a base salary of $950,000 and a target performance bonus of $2.5 million.