Sicilia, formerly President of Oracle Industries, came to the company through the acquisition of Primavera Systems and has led Oracle's vertical applications and applied AI initiatives. The company's focus on cloud and AI has contributed to its robust revenue growth of 9.67% over the last twelve months. "Humanity is investing enormous resources in the race to advance Artificial Intelligence. Oracle Cloud Infrastructure is playing a major part in that effort," said Larry Ellison, Oracle's Chairman and Chief Technology Officer, in the press release. Ellison added that both executives had demonstrated their readiness for leadership roles through their commitment to AI technologies. Catz, who has served as CEO since 2014, will continue working with Ellison in her new board role. "Oracle's technology and business have never been stronger. And our breathtaking growth rate points to an even more prosperous future," Catz stated.