How new CFO Hilary Maxson Will Lead Oracle's Global Finance

Oracle has appointed Hilary Maxson as Chief Financial Officer, effective April 6, 2026. 

Hilary, who previously served as Group CFO at Schneider Electric, reports to CEO Clay Magouyrk. She takes over the financial remit from Doug Kehring, who has served as Principal Financial Officer since September 2025. 

Doug will remain with the company as Executive Vice President of Operations, focusing on strategic corporate initiatives.

Hilary’s appointment coincides with a period of high capital intensity for the global technology firm. 

Oracle is currently scaling its cloud infrastructure to meet a US$553bn backlog in remaining performance obligations (RPO), driven largely by demand for AI training and inferencing.

Infrastructure and global finance background

Hilary joins Oracle following a nine-year career at Schneider Electric, a US$47bn global leader in energy management and industrial automation that provides digital solutions for efficiency and sustainability. 

During her tenure as Group CFO, a role she assumed in 2020, Hilary managed the company's transition from a traditional electrical equipment provider into a digital energy and automation leader. 

Under her financial leadership, Schneider Electric recorded record revenue in 2025, with its energy management business growing 10% organically to reach US$39bn

Her experience with Schneider is particularly relevant to Oracle’s current hardware-intensive pivot. 

Before becoming Group CFO, Hilary served as CFO of Schneider’s Energy Management business and previously led finance for its Building Automation, Critical Power and Data Centres unit in Hong Kong. 

This background in data centre infrastructure and critical power systems aligns with Oracle’s current requirement to build and power global cloud regions at speed.

Earlier in her career, Hilary spent 12 years at The AES Corporation. Her roles there included CFO for Asia and CFO for Africa, where she led debt restructurings and managed large-scale infrastructure investments in emerging markets.

“Hilary’s experience spans industrial, infrastructure and software sectors – areas where disciplined execution and capital management are essential,” says Clay Magouyrk, CEO of Oracle.

Funding the $50bn AI expansion

The transition in finance leadership occurs as Oracle manages an expansive financing programme. 

In February 2026, the company announced plans to raise between US$45bn and US$50bn through a combination of debt and equity to expand Oracle Cloud Infrastructure (OCI).

The company has already secured US$30bn of this target through investment-grade bonds and mandatory convertible preferred stock. 

Hilary will now oversee the remaining US$20bn "at-the-market" equity programme intended to fund the physical construction and GPU procurement for customers including NVIDIA, OpenAI and xAI.

Oracle’s Q3 FY2026 results showed 84% year-over-year growth in OCI revenue, reaching US$4.9bn. 

Total quarterly revenue rose 22% to US$17.2bn. To support this growth, the company has projected capital expenditures of US$50bn for the 2026 fiscal year.

Structural realignment and AI integration

Hilary’s mandate includes managing the financial integration of a large-scale organisational restructuring. In March 2026, Oracle began a workforce reduction estimated by market analysts to impact between 20,000 and 30,000 employees globally.

The layoffs reflect a strategic shift toward AI-assisted product development. In its Q3 10-Q filing, Oracle stated that AI code-generation technology is enabling the company to build software with smaller, more agile teams. This restructuring is projected to reallocate between US$8bn and US$10bn in cashflow toward infrastructure and AI investment.

Oracle has raised its total revenue guidance for fiscal year 2027 to US$90bn, positioning the incoming CFO to manage a balance sheet that is scaling to meet the demands of the global AI economy.