Oracle’s new CFO comes from the power industry. That tells you everything.
- 8 hours ago
- 1 min read
BARRON’S — Maxson isn’t the usual candidate for the CFO of a software and cloud services company like Oracle. She comes from Schneider Electric, a manufacturer of industrial electrical equipment, including for power plants and data centers. Before that, she was with AES, a power generator.
In the company’s press release announcing the hire, Oracle co-CEO Clay Magouyrk said that she was being brought in for her “experience scaling capital intensive global organizations.”
“Hilary’s experience spans industrial, infrastructure, and software businesses—sectors where capital intensity and execution excellence are critical to success,” Magouyrk said. Her hiring emphasizes how important acquiring power, land, and buildings for AI data centers have become, and how crucial financing is now.
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