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Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom
Hilary Maxson joins from Schneider Electric as Oracle faces scrutiny over $50 billion in planned capital spending and rising debt.
- On Monday, Oracle Corporation appointed Hilary Maxson as Chief Financial Officer, effective immediately. Maxson joins from Schneider Electric, where she served as group CFO at the French industrial conglomerate.
- Doug Kehring served as Principal Financial Officer for the past six months and will now return to focusing on go-to-market operations. The appointment reinstates a dedicated CFO role within Oracle's executive structure.
- Maxson, 48, will receive an annual base salary of $950,000 and a performance-based bonus target of $2.5 million. She spent 12 years at AES Corp before serving as group CFO at Schneider.
- Oracle shares have fallen about 25 per cent so far this year as investors scrutinize the company's heavy debt load. The firm has forecast $50 billion in capital expenditure for its fiscal year ending in May.
- Emarketer analyst Jacob Bourne noted that with AI investments under scrutiny, a traditional CFO title aligns Oracle with industry peers and provides stability for tracking capital deployment. The appointment reflects broader market focus on financial discipline.
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The New York Ledger
The New York LedgerOracle hires new CFO with $950K salary as thousands face layoffs
Oracle hired former Schneider Electric CFO Hilary Maxson as its new chief financial officer. The appointment comes after the company reportedly laid off thousands of workers last week.
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Coverage Details
Total News Sources17
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
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