Oracle’s new chief executive is a former chief technology officer for Microsoft, and his team has some of the most talented software engineers in the industry.
Jim Kilduff, a former Microsoft executive who left Oracle in February to join Oracle, is the company’s fifth chief executive since 2004, according to a report by Bloomberg.
Kilduff is replacing Steve Ballmer, who announced in July that he would step down after serving a six-year term.
Kirsten Lynch, the company recently named chief financial officer, is expected to take over from Ballmer.
Oracle is also hiring, as it looks to bolster its product-development teams.
The company is also working on a new cloud computing platform called Oracle Digital Cloud.
Oracle Chief Technology Officer Jim Kildiff, right, walks out of Oracle’s New York headquarters on March 18, 2017.
Oracle has raised $16 billion in a round led by BlackRock, and the company is expected continue its growth with additional investments.