# Hilary Maxson, former executive vice president and group chief financial officer at Schneider Electric, is Oracle's new CFO.

*business · news · 2026-04-09 · TNW*

## Key points

- Oracle has reinstated the CFO role after over a decade without a dedicated finance leader.
- Hilary Maxson's appointment follows a six-month interim period after Oracle's executive restructuring in 2025.
- Oracle is committing $50 billion in capital expenditure for fiscal 2026, more than double the previous year.
- Oracle laid off up to 30,000 employees in March 2026 to free $8–10 billion for data centre expansion.
- Maxson's industrial-to-digital transformation experience at Schneider Electric aligns with Oracle's AI infrastructure pivot.

**Companies:** Oracle, OpenAI, SoftBank, Schneider Electric
**Countries:** United States, India, Canada, Mexico, France, United Arab Emirates

[Read the full story on TNW](https://thenextweb.com/news/oracle-cfo-hilary-maxson-ai-infrastructure)

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