Oracle · Tesla · Fortune Technology
Maxson joins Oracle during a period of “rapid growth as customer demand for cloud infrastructure exceeds supply,” the firm noted
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Hilary Maxson is stepping into the CFO role at Oracle at a pivotal—and risky—moment.
Key facts
- For its fiscal year (FY) 2026, the company expects revenue of $67 billion and capital expenditures of $50 billion
- Last month, Oracle ( No. 87 on the Fortune 500) reported fiscal third-quarter revenue of $17.19 billion, exceeding estimates
- Earlier in his career, Colabrese led over 30 M&A transactions as VP of Corporate Development for Rogers Communications and served as CFO for Pelmorex Media
- Ben Colabrese was appointed CFO of Major League Baseball’s New York Mets, effective April 27
Summary
Maxson began as CFO on Monday, the company announced. Larry Ellison, co-founder and CTO of Oracle, briefly became the world’s richest person in September 2025 as the company’s stock surged 40%, adding about $100 billion to over $400 billion, but by April 2026, AI spending concerns halved the stock, cutting over $200 billion and leaving his net worth near $200 billion. Maxson joins Oracle during a period of “rapid growth as customer demand for cloud infrastructure exceeds supply,” the company said. “We found a financial leader who matches our culture of strong financial and operational discipline and has experience scaling capital-intensive global organizations,” Clay Magouyrk, co-CEO of Oracle, said in a statement.