Magouyrk, who has spent 11 years at Oracle, previously served as president of Oracle Cloud Infrastructure, where he led the development of its Gen2 platform. Sicilia, most recently president of Oracle Industries, focused on applied artificial intelligence initiatives across sectors such as banking and retail. Catz, who became co-CEO in 2014 alongside the late Mark Hurd and later led the company as sole CEO, said the timing was right for a handover. “At this time of strength is the right moment to pass the CEO role to the next generation of capable executives,” she said in a statement. Role in TikTok dealCopy link to sectionAlongside the leadership changes, Oracle is set to play a central role in the restructuring of TikTok’s US operations.