{"id":567969,"date":"2026-04-06T14:12:10","date_gmt":"2026-04-06T14:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/567969\/"},"modified":"2026-04-06T14:12:10","modified_gmt":"2026-04-06T14:12:10","slug":"oracle-names-schneider-electrics-maxson-as-cfo-amid-soaring-ai-spending","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/567969\/","title":{"rendered":"Oracle names Schneider Electric&#8217;s Maxson as CFO amid soaring AI spending"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">April 6 (Reuters) &#8211; Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping \u200can executive with experience in infrastructure and \u200cenergy to steer its efforts to meet surging demand \u200bfor <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;artificial intelligence&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> and cloud services.<\/p>\n<p class=\"yf-1fy9kyt\">The appointment comes as the technology company has been taking on a heavy debt load to fuel its massive \u200cAI infrastructure spending.<\/p>\n<p class=\"yf-1fy9kyt\">Maxson, \u2060whose appointment is effective immediately, had served as group CFO at Schneider Electric, \u2060an energy management and automation company with over $45 billion in annual revenue, Oracle said.<\/p>\n<p class=\"yf-1fy9kyt\">Maxson said \u200bshe aimed \u200bto ensure continued disciplined \u200binvestment for creating \u200clasting value for both customers and shareholders.<\/p>\n<p class=\"yf-1fy9kyt\">Doug Kehring, who served as Oracle&#8217;s Principal Financial Officer for the past six months, will step down following the new appointment and will return to focusing \u200con the company&#8217;s go-to-market \u200boperations.<\/p>\n<p class=\"yf-1fy9kyt\">Maxson, 48, will receive an \u200bannual base salary \u200bof $950,000 and will be eligible for \u200ca performance-based bonus with \u200ba target of $2.5 \u200bmillion, Oracle said in a regulatory filing.<\/p>\n<p class=\"yf-1fy9kyt\">Shares of the company were up 0.4% in \u200bpremarket trading. \u200cThey have fallen about 25% so far \u200bthis year.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Jaspreet Singh in Bengaluru; \u200bEditing by Sriraj Kalluvila)<\/p>\n","protected":false},"excerpt":{"rendered":"April 6 (Reuters) &#8211; Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping \u200can executive with&hellip;\n","protected":false},"author":2,"featured_media":567970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,82242,181,507,4589,250828,250829,208489,250830,24707,74,82532],"class_list":{"0":"post-567969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-appointment","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-chief-financial-officer","13":"tag-hilary-maxson","14":"tag-infrastructure-and-energy","15":"tag-infrastructure-spending","16":"tag-maxson","17":"tag-schneider-electric","18":"tag-technology","19":"tag-technology-company"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/567969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=567969"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/567969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/567970"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=567969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=567969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=567969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}