Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending Share [CNBC]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Company Research
Source: CNBC
Oracle on Monday appointed Hilary Maxson as chief financial officer, ?tapping an executive with experience in infrastructure and energy ?to steer ?its efforts to ?meet surging demand for artificial intelligence and cloud services. The appointment comes as the ?technology ?company has been taking on a ?heavy debt load to fuel its massive AI infrastructure spending. Maxson, whose appointment is effective immediately, had served ?as group CFO at Schneider Electric , an energy management and automation ?company with over $45 billion in annual revenue, Oracle said. Maxson said she aimed to ensure continued disciplined investment for ?creating lasting value for both customers and shareholders. Doug ?Kehring, who served as ?Oracle's Principal Financial Officer for the past six months, will step down following the new appointment ?and will return to focusing on ?the company's go-to-market operations. Maxson, 48, will ?receive an annual base salary of $950,000 and will be eligible f
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