Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company’s board.

Oracle said that Magouyrk previously served as president of Oracle Cloud Infrastructure. He joined Oracle in 2014 from Amazon Web Services and is a founding member of Oracle’s cloud engineering team.

Sicilia was president of Oracle Industries and joined the company when Oracle acquired Primavera Systems.

“Clay’s years of experience leading Oracle’s large, fast-growing cloud infrastructure business has demonstrated his readiness for a CEO role,” Oracle founder and Chairman Larry Ellison said in a statement. “Mike has spent the
last several years modernizing Oracle’s industry applications businesses — including Oracle Health — by completely rebuilding those applications using the latest AI technologies.”

Catz has served as Oracle’s CEO since 2014. Earlier this month she said that Oracle signed four multibillion dollar contracts during its latest quarter, and it expects cloud infrastructure revenue to jump 77 percent to $18 billion this fiscal year. After that, it expects such revenue to soar to $144 billion in just four years.