tech
January 10, 2026
Oracle announces departure of two oldest directors, narrowing board to 12
George Conrades and Naomi Seligman, who are both in their 80s, have been on Oracle's board for over 15 years.
TL;DR
- Two Oracle directors, George Conrades (86) and Naomi Seligman (87), have resigned from the board.
- Their departures were not due to any disputes with Oracle.
- Oracle's board now has 12 directors.
- The company appointed new co-CEOs, Clay Magouyrk and Mike Sicilia, in September.
- Magouyrk and Sicilia are focused on expanding data centers for generative AI models.
- Oracle's stock surged in September on increased performance obligations but later plummeted due to AI strategy and debt concerns.
- Co-founder Larry Ellison remains on the board as executive chairman and CTO.
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