Oracle appointed Hilary Maxson as its new Chief Financial Officer, effective immediately. This move signals a strategic shift for the software giant, which has faced recent challenges in its cloud business. Maxson, a seasoned finance executive, brings experience from her tenure at Amazon, where she managed complex financial operations.

Her immediate role will involve stabilizing Oracle's financial reporting and guiding the company through its transition to a cloud-first model. The appointment underscores Oracle's focus on strengthening its financial leadership during a period of significant industry transformation.