Oracle New CFO: Oracle has appointed Hilary Maxson as its new CFO. This appointment comes at a time when the company recently laid off thousands of employees. Find out who Hilary Maxson is?

Oracle New CFO Hillary Maxon: Oracle, one of the world's largest IT and software companies, has appointed Hillary Maxon as its new Chief Financial Officer (CFO). She has been offered a very attractive salary package. This appointment comes at a time when the company recently laid off approximately 30,000 employees worldwide, including approximately 12,000 in India.

The timing of this appointment and the large size of the salary package are likely to attract attention, as the company is cutting costs while also making new hires for senior positions. According to Oracle's official information, Maxon will receive an annual basic salary of $950,000, equivalent to approximately ₹78 million (approximately ₹78 million) in Indian rupees. He will also receive a performance-based bonus, targeted at ₹2.5 million (approximately ₹207.5 million).

Equity grant for long-term incentives

This bonus will be contingent on meeting certain performance metrics and will be prorated for the current fiscal year (ending May 31, 2026). Thus, excluding stock-based incentives, his total annual cash salary could potentially reach $3.45 million, equivalent to ₹29 crore annually.

A significant portion of Maxon's salary will be stock-based rewards. Oracle has awarded him equity worth $26 million, equivalent to approximately ₹215–₹216 crore in Indian rupees. Of this, $20.8 million (approximately ₹172 crore) will be time-based, fully vested over four years. The remaining $5.2 million (approximately ₹43 crore) will be performance-based, linked to the company's goals and long-term objectives.

Maxon will take over as CFO on April 6.

Depending on the company's decisions, this equity may include stock options and restricted stock units (RSUs). In addition to salary and equity, Maxon will also receive relocation support. Oracle has agreed to reimburse up to $250,000 (approximately ₹2 crore) for relocation-related expenses over a 12-month period.

Her position is on an "at-will" basis, which is common for corporate jobs in the US. This means that either party can terminate the position at any time. Maxon will assume the role of CFO on April 6, 2026, and will report to CEO Safra Catz. She will lead Oracle's global finance operations at a time when the company is seeing significant demand for cloud infrastructure and AI-related services. She will replace the current finance leadership as part of a carefully planned transition.

Who is Hilarie Maxon?

Maxon holds a bachelor's degree and an MBA from Cornell University. She also serves as a non-executive director and chairs the audit committee at Anglo American plc. Prior to joining Oracle, Maxon served as Executive Vice President and Group CFO at Schneider Electric. The company is known globally for its work in electrification, automation, and digital systems and has annual revenues of over $45 billion, approximately ₹3.7 lakh crore (approximately $1.7 trillion).

Appointments made after the dismissal of employees

This appointment comes at a time of widespread layoffs at Oracle. According to reports, the company has laid off nearly 30,000 employees in recent months, with approximately 12,000 job cuts in India alone. These layoffs were part of a broader cost-cutting measure as Oracle reorganized its operations and focused more on cloud and AI-based growth.

While such restructuring is common in the tech industry, the contrast between massive job cuts and high executive salaries will likely remain a topic of discussion. Across the global tech sector, companies have been reducing headcount while investing heavily in leadership and fast-growing areas like artificial intelligence and cloud computing. Oracle's move reflects a larger trend in which companies are cutting costs in some areas while spending heavily in others to fuel future growth.