Software giant Oracle has named Hilary Maxson as its new chief financial officer amid thousands of layoffs that sent shockwaves through the company. Maxson, 48, formerly of Schneider Electric, assumes the role effective immediately with an annual base salary of $950,000 and eligibility for a performance-based bonus targeting $2.5 million, according to a regulatory filing. The technology company made the appointment amid rising debt from its extensive AI infrastructure investments, CNBC reported.
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