Oracle CFO: Hilary Maxson, the former Chief Financial Officer (CFO) of Schneider Electric, has been appointed as Oracle CFO with effect from April 6, 2026.
Maxson would be reporting directly to Oracle co-CEO Clay Magouyrk and she would oversee the global finance operations of the company.
Oracle CFO-Package And Employment Terms
According to official filings, the new CFO would be receiving an annual base salary of $950,000 along with a performance-driven bonus targeted at $2.5 million. This takes the total annual cash compensation of Maxson to approximately $3.45 million, excluding stock incentives.
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The appointment of Maxson is on at will basis like many corporate roles in the United States. This allows either side to terminate the employment agreement at any point of time. Previously, Maxson worked at power company AES Corp for approximately 12 hours. She held a series of senior leadership roles across strategy, M&A and finance.
Appointment of Hilary Maxson and mass company layoffs
The appointment of Hilary Maxson as the company CFO comes at a highly sensitive time. In recent days, the company has laid off more than 30,000 employees across the world. A significant majority of these employees (about 12,000) were from India. The company attributed the mass layoffs to cutting costs and realigning the company’s operations towards AI-driven growth and cloud computing.
In a statement, Maxson remarked that she looks forward to work in tandem with the inspiring leaders of Oracle. She also commented that it’s an honour for her to translate the momentum into long-term, durable value for shareholders and customers of Oracle.
Doug Kehring, who was leading the finance operations of the company, would now emphasize on the go-to-market operations of the company.
The contrast between incredibly high executive compensation and large-scale employment cuts has drawn global attention, reflecting a somehow wider and more acceptable trend these days across the tech industry.
