Oracle’s new CFO Hilary Maxson hired at $950K salary amid mass layoffs, and there’s bonus too

Oracle Corporation on Monday said it has hired a new Chief Financial Officer, just days after reports of layoffs at the company. The company announced that Hilary Maxson will be its new CFO. She joins from Schneider Electric, where she was also serving as CFO. Oracle said her appointment is effective immediately.

Maxson, 48, will earn a base salary of $950,000 a year. She will also be eligible for a performance-based bonus, with a target of $2.5 million, according to a regulatory filing, Fox News reported.