Oracle Appoints a New CFO

Oracle Corporation has appointed Hilary Maxson as its new Chief Financial Officer, offering a compensation package of approximately $29.7 million. This appointment comes just days after reports emerged of large scale layoffs by the company across the globe.

According to company filings, Maxson will receive an annual base salary of $950,000 along with a performance based bonus of up to $2.5 million. In addition, her compensation package includes an equity grant worth $26 million, with 80% tied to time based vesting and the remaining 20% linked to performance targets. She will also be provided a relocation allowance of $250,000.

Maxson will officially assume her role on April 6, 2026, and her bonus for the current fiscal year will be calculated on a prorated basis until May 31. Her appointment follows Oracle’s reported layoffs of around 30,000 employees worldwide, including nearly 12,000 in India, as part of cost-cutting measures driven by increased automation and artificial intelligence adoption.