Oracle has appointed Hilary Maxson as its new Chief Financial Officer, shortly after laying off 30,000 employees globally, including 12,000 in India. Maxson's compensation package includes a $950,000 salary, a potential $2.5 million bonus, and a $26 million equity grant. , Companies, Times Now

After 30,000 Layoffs, Oracle Brings in $950,000 CFO - Who Is Hilary Maxson?

Oracle appoints Hilary Maxson as new CFO. (AI Generated Image)

A few days after firing 30,000 employees globally, comprising 12,000 workers in India, Oracle has appointed Hilary Maxson as its new Chief Financial Officer (CFO), and what raises more questions is her massive pay at $950,000 (Rs 8.8 crore) salary and a $2.5 million (Rs 23.2 crore) bonus potential. Maxson is also entitled with a $26 million (Rs 241.7 crore) equity grant, where 80 per cent is time-based ($20.8 million) and 20 per cent performance-based ($5.2 million).

Further, as pert of her package, she can also choose either 100 per cent stock options or a mix of 50 per cent options and 50 per cent restricted stock units (RSUs).

Oracle will also provide a $250,000 (Rs 2.3 crore) relocation allowance to Maxson, taking her total package to $29.7 million.

Also Read: 30,000 Employees Fired at Dawn, CFO Hired by Noon at $950,000: Viral Satire Sparks Debate Over Oracle Layoffs

In an official statement regarding her joining, Oracle in said, "Maxson joins Oracle during a period of rapid growth as customer demand for cloud infrastructure exceeds supply. This growing demand for AI training and inferencing, multicloud database, and cloud applications has given Oracle the opportunity to build and scale its cloud infrastructure very rapidly."

Notably, while announcing the layoffs, Oracle had said the layoffs are expected to help generate between $8 billion and $10 billion in cash flow, which will be redirected toward investments in artificial intelligence infrastructure, including data centres and advanced computing systems.

Oracle’s most recent quarter delivered its strongest performance in over 15 years—exceeding 20% growth for both organic total revenue and non-GAAP earnings per share—and momentum is continuing to build. Meeting this opportunity requires efficient approaches in allocating capital, delivering capacity, driving innovation, and producing profitable, recurring revenue, Oracle said.

CFO joins pivotal AI moment

On her joining as the CFO, Hilary Maxson said, “Oracle has built extraordinary momentum at the intersection of cloud, AI, and industry applications. I’m excited to join at this pivotal moment, and I look forward to partnering with Clay, Mike, and the broader leadership team to continue to invest with discipline and to translate this momentum into durable, long‑term value for customers and shareholders.”

Prior to joining Oracle, Maxson served as Executive Vice President and Group Chief Financial Officer at Schneider Electric.

Maxson joined Schneider Electric in 2017. She played a key role in driving performance, scaling operations, and advancing the company’s strategic transformation.

Earlier in her career, Maxson spent 12 years at the AES Corporation, where she held senior leadership roles across finance, strategy, and M&A, supporting complex, capital-intensive infrastructure investments across global markets.

In terms of her career path, Hilary Maxson holds a bachelor’s degree and MBA from Cornell University.

She has also served as a non-executive director and Chair of the Audit Committee at Anglo American plc.