Oracle Names Hilary Maxson as Chief Financial Officer Amid Restructuring Efforts

Oracle Corporation Appoints Hilary Maxson as New Chief Financial Officer

Oracle Corporation announced the appointment of Hilary Maxson as its new Chief Financial Officer (CFO) on Monday, just days after the technology giant carried out a sweeping round of layoffs that impacted nearly 30,000 employees worldwide. Maxson joins Oracle from Schneider Electric, where she served as CFO and Executive Vice President for about six years.

Maxson's appointment is effective immediately and she will begin her tenure during a period of "rapid growth" as customer demand for cloud infrastructure exceeds supply. She will report to co-CEO Clay Magouyrk in her new role.

Hillary Maxson's Compensation Package

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Maxson, 48, will earn an annual base salary of $950,000 and will also be eligible for a performance-based bonus, with a target of $2.5 million. Oracle has also agreed to pay up to $250,000 of the executive's relocation costs for up to 12 months from her employment start date.

Maxson will also receive equity awards with an intended grant value of $26 million, split 80% time-based ($20.8 million) and 20% performance-based ($5.2 million). The time-based equity will vest over four years: 40% after the first year, 30% after the second, 20% after the third, and the remaining 10% in the fourth, subject to continued service. The performance-based equity will vest over a three-year period ending 31 May 2028, and the achievement of certain revenue targets.

About Hilary Maxson

Maxson holds a bachelor’s degree and an MBA from Cornell University. She also serves as a non-executive director and chairs the Audit Committee at Anglo American plc. Before joining Oracle, Maxson was Executive Vice President and Group CFO at Schneider Electric, a company known globally for its work in electrification, automation, and digital systems, and generates more than $45 billion in annual revenue.

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In her previous role, Maxson spent over a decade at the AES Corporation, where she held several senior leadership roles across finance, strategy, and Mergers and acquisitions, supporting complex, capital-intensive infrastructure investments across global markets.

Oracle Layoffs and Heavy AI Spending

The appointment was announced shortly after Oracle's massive layoffs, which sent shockwaves throughout the industry. Though the company has not officially shared the exact number of affected workers, media reports suggest that over 30,000 people were impacted by the job cuts globally.

Oracle had about 162,000 full-time employees as of May 2025, according to its latest 10-K filing. In a separate exchange filing made in March, the company said it expects the total cost of its restructuring plan in the 2026 financial year to reach up to $2.1 billion. A significant part of this amount will be used for employee severance and related expenses.

In recent years, Oracle has been shifting its strategy to bulk up its cloud computing business with a strong focus on artificial intelligence. Through these efforts, Oracle intends to position itself as a viable competitor to market leaders such as Amazon and Microsoft.

In February, Oracle planned to raise $45 billion to $50 billion in the calendar year 2026, through a combination of debt and equity to fund the rapid expansion of its cloud capacity, according to a Bloomberg report. The company’s total debt has already crossed $100 billion, following $58 billion in new issuances tied to data centre investments.