Oracle names Schneider Electric’s Maxson as CFO amid soaring AI spending
Oracle names Schneider Electric’s Maxson as CFO amid soaring AI spending
Publish Date: 2026-04-06 08:41:00
Source Domain: www.cnbc.com
- Oracle appoints Hilary Maxson as new chief financial officer (CFO) effective immediately.
- Maxson brings experience from Schneider Electric, an energy management and automation company.
- The appointment comes as Oracle is taking on significant debt to fund its AI infrastructure spending.
- Maxson aims to ensure disciplined investment to create lasting value for both customers and shareholders.
- Doug Kehring, Oracle’s Principal Financial Officer, will step down and focus on go-to-market operations.
- Maxson will receive an annual base salary of $950,000 with a target performance-based bonus of $2.5 million.
- Oracle’s shares rose marginally in premarket trading despite being down about 25% this year.
