Management ChangeMay 12, 2026, 04:57 PM
Oracle Elects Tomislav Mihaljevic to Board of Directors
AI Summary
Oracle Corporation's Board of Directors unanimously elected Dr. Tomislav Mihaljevic as a director, effective May 6, 2026, increasing the board size to 13. Dr. Mihaljevic, who serves as CEO and President of Cleveland Clinic, will receive restricted stock units that vest in one year and standard cash compensation for non-employee directors. He is not expected to be named to any board committee at this time.
Key Highlights
- Oracle's Board of Directors unanimously elected Dr. Tomislav Mihaljevic as a director.
- The appointment was effective May 6, 2026, increasing the board size to 13.
- Dr. Mihaljevic is the Chief Executive Officer and President of Cleveland Clinic.
- He will be granted restricted stock units (RSUs) on May 31, 2026.
- RSUs will fully vest on the first anniversary of the grant date.
- He will receive standard cash compensation for non-employee directors.
- Dr. Mihaljevic is not currently expected to be named to any board committee.
Price Impact
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