Oracle Appoints Stuart Levey Executive Vice President and Chief Legal Officer

Rhea-AI Summary

Oracle announced the appointment of Stuart Levey as the new executive vice president and chief legal officer. Levey, recognized for his extensive legal expertise, most recently served as CEO of the Diem Association and has over 30 years of leadership experience. He previously led HSBC's legal department and held key positions at the U.S. Treasury and Department of Justice. According to CEO Safra Catz, Levey's background in technology and finance is particularly valuable as Oracle navigates changing regulations and its expanding cloud business.

Positive

• Stuart Levey's extensive legal experience could enhance Oracle's ability to navigate complex regulations.
• His leadership background from HSBC and the U.S. Treasury may provide valuable insight into the technology and financial sectors.

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• None.

AUSTIN, Texas, Nov. 10, 2022 /PRNewswire/ -- Oracle today announced that Stuart Levey has been named executive vice president and chief legal officer.

"Stuart has one of the sharpest legal minds in the country," said Oracle CEO, Safra Catz. "His depth of experience in technology, finance, and national security make him a perfect fit to lead our legal team as it navigates changing policies, complex regulations, and our rapidly growing cloud business."

Levey has more than three decades of leadership in both the private and public sectors.  From 2012 until 2020, he worked for global banking giant HSBC Holdings. There, as Chief Legal Officer he managed a department of more than 900 lawyers worldwide.

Prior to HSBC, he was named the nation's first Under Secretary for Terrorism and Financial Intelligence at the Treasury Department by President George W. Bush. He stayed on in that role at the request of President Barrack Obama.

Levey has also held several senior positions at the United States Department of Justice.

Most recently, Levey served as CEO of the Diem Association. He was also a senior fellow at the Council of Foreign Relations.

Levey is graduate of Harvard College and Harvard Law School.

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

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SOURCE Oracle

FAQ

Who is Stuart Levey and what is his role at Oracle?

Stuart Levey has been appointed as the executive vice president and chief legal officer at Oracle.

What experience does Stuart Levey bring to Oracle?

Levey has over 30 years of leadership experience, including roles at HSBC and the U.S. Treasury, which may benefit Oracle's legal strategies.

Why did Oracle appoint Stuart Levey as chief legal officer?

Stuart Levey was appointed due to his extensive experience in technology, finance, and national security, which aligns with Oracle's growing cloud business.

What impact might Levey's appointment have on Oracle's legal strategies?

Levey's legal acumen may strengthen Oracle's ability to handle evolving regulations and contribute to the company's strategic growth.

What was Stuart Levey's previous role before joining Oracle?

Before joining Oracle, Levey served as CEO of the Diem Association and held senior legal positions at HSBC.