By Admin 
Oracle’s 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). He has been given a very attractive salary package. This appointment comes at a time when the company has recently laid off about 30,000 employees across the world, including about 12,000 employees in India.
The timing of this appointment and the large size of the salary package may attract people’s attention, because on one hand the company is cutting expenses and on the other hand it is also making new appointments on big posts. According to official information from Oracle, Maxon will receive a basic salary of $950,000 annually, which is equivalent to approximately Rs 7.8 crore in Indian rupees. Apart from this, he will also get a bonus based on performance, the target of which has been set at $2.5 million, which is approximately Rs 20.75 crore.
Equity Grant for Long Term Incentive
This bonus will depend on meeting certain performance parameters and will be given pro-rated for the current financial year (which will end on May 31, 2026). Thus, excluding stock-based incentives, his total annual cash salary can potentially reach $3.45 million, which is Rs 29 crore annually.
A large portion of Maxon’s salary will be in the form of stock-based rewards. Oracle has given them equity worth $26 million, which is equivalent to approximately ₹215–₹216 crore in Indian rupees. Of this, the equity of $20.8 (about ₹172 crore) million will be time-based, which will be fully vested in them over a period of four years. The remaining $5.2 million (about ₹43 crore) equity 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). Apart from salary and equity, Maxon will also get ‘relocation support’ (help in moving from one place to another). Oracle has agreed to reimburse up to $250,000 (approximately ₹2 crore) for relocation-related expenses over a 12-month period.
His job is on an “at-will” basis, which is common for corporate jobs in America. This means that either party can end the job at any time. Maxon will assume the position 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 huge demand for cloud infrastructure and AI-related services. As part of the planned changes, she will replace the current finance leadership.
Who is Hillary Maxon?
Maxon holds a bachelor’s degree and an MBA from Cornell University. She also serves as a non-executive director of Anglo American plc and is the chairperson of the audit committee. Before joining Oracle, Maxon served as Executive Vice President and Group CFO at Schneider Electric. The company is known worldwide for its work in the field of electrification, automation and digital systems and has an annual revenue of more than $45 billion, which is Rs 3.7 lakh crore (approximately) in Indian Rupees.
Appointment made after firing employees
This appointment has come at a time when there have been large-scale layoffs of employees in Oracle. According to reports, the company has laid off around 30,000 employees in recent months, with around 12,000 jobs cut in India alone. These layoffs were part of larger cost-cutting measures as Oracle reorganized its operations and focused more on cloud and AI-based growth.
Although such restructuring is common in the tech industry, the difference between large-scale job cuts and higher salaries for executives will probably remain a topic of discussion. In the tech sector around the world, companies have been reducing headcount while investing heavily in leadership and fast-growing areas like artificial intelligence and cloud computing. This move by Oracle reflects a larger trend in which companies are reducing costs in some areas, while spending heavily in other areas to boost future growth.