Oracle Corporation has announced the departure of George Conrades and Naomi Seligman, two of its longest-serving board members, reducing the board to 12 directors. Both executives, in their 80s, have served on the board for more than 15 years.
- George Conrades and Naomi Seligman, both in their 80s, served on Oracle’s board for more than 15 years.
- Their departures reduce Oracle’s board from 14 to 12 members.
- Both executives stepped down for personal reasons, consistent with company age-related governance policies.
- Oracle’s market cap surpassed $250 billion in early 2026.
- The board now comprises seven independent directors and five executives.
- No replacements have been named as of the announcement date.
Oracle Corporation has confirmed the exit of two of its founding board members, George Conrades and Naomi Seligman, as part of a broader governance refresh. Conrades, who joined the board in 2008, and Seligman, also a 2008 appointee, have each served for over 15 years, making them among the most senior members of the corporate governance body. Their departures reduce Oracle’s board from 14 to 12 members, a move signaling a shift toward newer leadership dynamics. Both individuals remain in good health but have cited personal reasons for stepping down, consistent with the company’s policy of encouraging board members to reassess service after age 80. The transition comes amid increased scrutiny of corporate board composition and succession planning. With Oracle’s market capitalization exceeding $250 billion as of early 2026, the changes reflect a strategic recalibration to ensure continued board vitality. The company has not yet named replacements, but the board committee overseeing governance is expected to review nominations in the coming months. The move follows a trend among large U.S. tech firms to maintain board renewal and diversity in experience and age. Oracle’s board now includes seven independent directors and five executives, with the majority of members having joined since 2015. The reduction in total board seats may affect the balance of decision-making power, particularly in areas such as technology strategy and international expansion. Investors and analysts are watching closely to assess whether the change will influence long-term strategic direction or governance stability.