Sept. 22 (UPI) -- Oracle said Monday it appointed two of its long-time executives to run the artificial intelligence giant in dual roles as co-CEO.

The Texas-headquarted multinational company said Clay Magouyrk and Mike Sicilia will take over as co-CEOs for outgoing CEO Safra Cruz in a leadership shakeup as Oracle seeks to best its direct competitors like Amazon, Microsoft and Google.

In addition, Oracle's EVP of North American sales Mark Hura was promoted to president of its global field operations. Doug Kehring, Oracle's operations chief, was promoted to Principal Financial Officer.

Co-founder and ex-CEO Larry Ellison will remain Oracle's board chair.

Related