Oracle Corp. announced the appointment of Hilary Maxson as its new chief financial officer, bringing in an executive from Schneider Electric as the enterprise software company continues to invest heavily in artificial intelligence infrastructure.

Maxson joins Oracle during a period of significant AI-related spending and expansion for the technology giant. The company has been positioning itself as a key player in the artificial intelligence infrastructure market, requiring substantial capital investments in data centers and cloud computing capabilities.

The CFO appointment comes as Oracle seeks to capitalize on the growing demand for AI computing resources from businesses and organizations looking to implement machine learning and artificial intelligence solutions. The company's cloud infrastructure division has been a focal point for growth as enterprises migrate workloads and seek AI capabilities.

Maxson's background at Schneider Electric, a global energy management and automation company, brings experience in managing finances for a large-scale technology and industrial operation. Her appointment suggests Oracle's continued focus on scaling its infrastructure investments to support AI workloads.

The leadership change reflects Oracle's strategic emphasis on expanding its cloud computing and AI services business, areas that require significant upfront capital investment but offer potential for substantial revenue growth as artificial intelligence adoption accelerates across industries.