Oracle named Hilary Maxson, former Schneider Electric executive vice president and group CFO, as chief financial officer effective April 6. She will oversee the global finance organization after nearly a decade at Schneider Electric and 12 years at AES Corporation. Maxson holds a bachelor’s degree and MBA from Cornell University, and her compensation includes a $950,000 base salary with a performance bonus targeted at $2.5 million.

Oracle plans to raise up to $50 billion in debt and equity this year to finance an aggressive buildout of AI data centers and cloud infrastructure. The choice of an industrial finance executive underscores the emphasis on capital-intensive projects and execution excellence. This fundraising effort is aimed at scaling Oracle Cloud Infrastructure to meet customer demand that currently outpaces supply.

In its latest quarter, Oracle reported over 20% growth in both revenue and earnings, driven by an 84% year-over-year surge in OCI revenue and a 44% rise in total cloud revenue. Despite strong top-line gains, analysts anticipate negative free cash flow through 2030 due to rising construction expenditures. The strategic pivot toward infrastructure growth highlights Oracle’s commitment to expanding its cloud footprint.