Oracle Appoints New CFO to Manage Record $50B AI Infrastructure Expansion

Oracle has named Hilary Maxson, a former top executive at Schneider Electric, as its chief financial officer to oversee a massive $50 billion capital expenditure program for the current fiscal year. The hire is a strategic move to manage the financial complexities of more than doubling Oracle’s AI data center footprint amid rising corporate debt. Maxson will report directly to co-CEO Clay Magouyrk as the company pivots aggressively toward cloud dominance.