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Get filing alertsOracle names Hilary Maxson CFO as Douglas Kehring steps down to operations role
Filed April 6, 2026 · Period ending April 1, 2026 · ~1 min read
Key Changes
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Hilary Maxson, 48, joins as CFO effective April 6, 2026, bringing experience from Schneider Electric where she served as Group CFO and Executive Committee member since 2020.
Item 5.02 verify on EDGAR → -
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Outgoing CFO Douglas Kehring steps down from Principal Financial Officer role but remains with Oracle as EVP Operations to focus on strategic initiatives.
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Maxson receives $26 million equity grant (80% time-based vesting over 4 years, 20% performance-based over 3 years), plus $950K base salary and $2.5M target bonus.
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Performance equity tied to revenue metrics aligned with CEO and Executive Chair targets; time-based equity front-loaded with 40% vesting in year one.
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Summary
Oracle has executed a planned CFO transition, bringing in Hilary Maxson from Schneider Electric to replace Douglas Kehring effective immediately. Maxson's appointment comes with a substantial $26 million equity package weighted toward time-based vesting, signaling Oracle's intent to retain her long-term.
Kehring's move to EVP Operations rather than leaving the company entirely suggests this is a strategic realignment rather than a forced departure. For retail investors, the key question is whether Maxson can maintain Oracle's financial discipline during its cloud infrastructure buildout.
Her experience at Schneider Electric, a global industrial conglomerate, provides relevant background in capital allocation and international operations. The performance-based portion of her equity is tied to revenue targets matching those of CEO Safra Catz and Executive Chair Larry Ellison, aligning her incentives with top leadership. Watch Oracle's Q4 fiscal 2026 earnings call (likely late May) for Maxson's first public comments on capital priorities and cloud infrastructure spending plans. Her approach to balancing growth investments against shareholder returns will set the tone for her tenure.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
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Ms. Maxson will receive an annual base salary of $950,000 and will be eligible to receive an annual performance-based bonus with a target of $2,500,000 based on achievement of certain performance metrics, which will be prorated for the period from her start date of April 6, 2026 until Oracle’s fiscal year end on May 31, 2026. Oracle has also agreed to pay up to $250,000 of Ms. Maxson’s relocation costs for up to 12 months from her employment start date.
The new CFO's compensation package includes a $950,000 base salary, target annual bonus of $2.5 million, and up to $250,000 in relocation assistance. The bonus will be prorated for the remainder of fiscal 2026 ending May 31, 2026.
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After Ms. Maxson commences employment, she will be granted equity (the “Equity Grant”) with an intended grant value of $26 million pursuant to the terms of Oracle’s Amended and Restated 2020 Equity Incentive Plan. 80% of the Equity Grant, $20.8 million, will consist of time-based equity and 20% of the Equity Grant, $5.2 million, will consist of performance-based equity.
Ms. Maxson will receive a $26 million equity grant, with $20.8 million in time-based equity vesting over four years (40% year 1, 30% year 2, 20% year 3, 10% year 4) and $5.2 million in performance-based equity vesting over three years subject to revenue metrics aligned with Oracle's CEO and Executive Chair targets.
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Douglas Kehring will transition his role and step down as Principal Financial Officer and a Section 16 officer, effective as of April 6, 2026. Mr. Kehring will continue to serve as Executive Vice President, Operations, where he will focus on Oracle’s strategic initiatives.
The outgoing Principal Financial Officer, Douglas Kehring, is stepping down from the CFO role but will remain with Oracle as Executive Vice President of Operations focused on strategic initiatives. This represents a transition rather than a complete departure from the company.
Event · Item 7.01 — Regulation FD Disclosure
Oracle appointed Ms. Maxson as Chief Financial Officer, effective April 6, 2026.
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On April 6, 2026, Oracle issued a press release announcing the appointment of Ms. Maxson as Chief Financial Officer.
Oracle has appointed Ms. Maxson to the Chief Financial Officer position. The 8-K discloses this leadership change via a press release issued on April 6, 2026. No additional details about Ms. Maxson's background, prior CFO departure, or transition terms are provided in the filing body.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 15, 2026 · How we verify