Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company’s board.Oracle said Monday that Magouyrk previously served as president of Oracle Cloud Infrastructure.

Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, replacing Safra Catz, who was at the helm of the cloud services provider for 11 years. Catz will remain with the company as vice chair of the board.

CEOs Clay Magouyrk and Michael Sicilia will take over for Safra Catz, who will take on a new role as executive vice chair of the board.

Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business.

Magouyrk, who joined Oracle in 2014 from Amazon Web Services, has been leading its cloud infrastructure division one of the company's main growth engines. Sicilia, who came through the Primavera Systems acquisition,

Stargate, a joint venture between OpenAI, Oracle and Softbank, said it is building two more data center complexes in Texas, one in New Mexico, one in Ohio and another in a Midwest location it hasn’t yet disclosed.

Business Insider reported in June that Oracle had promoted the executives to the title of "president" as part of a succession plan.