# Hilary Maxson will report to CEO Clay Magouyrk and lead Oracle's global finance organisation.

*business · news · 2026-04-07 · Free Press Journal*

## Key points

- Hilary Maxson is Oracle's first standalone CFO in twelve years, ending a long leadership gap.
- Oracle has taken on $58 billion in new debt within two months to fund AI infrastructure.
- Oracle's remaining performance obligations reached $553 billion in Q3 FY2026, up 325% year over year.
- Oracle recently began mass layoffs affecting up to 30,000 employees globally.
- Maxson's background includes leading digital transformation at Schneider Electric and senior roles at AES Corporation.

**Companies:** Oracle, Schneider Electric, AES Corporation, Anglo American plc
**Countries:** United States, United Kingdom

[Read the full story on Free Press Journal](https://www.freepressjournal.in/tech/oracle-names-hilary-maxson-as-cfo-amid-mass-layoffs-ai-spending-surge)

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