Oracle Corp. could soon have a new top lawyer as veteran general counsel Dorian Daley prepares to retire in August.
Daley notified Oracle’s board June 27 of her intention to retire next month, according to a July 1 securities filing. Oracle said Daley will “assist in the transition of her duties until her retirement becomes effective.”
Oracle and Daley didn’t respond to requests for comment about the computer technology and software company’s plans for her successor.
In June, Oracle received regulatory approval for its $28.3 billion acquisition of medical records provider Cerner Corp., while also securing a judge’s ruling nixing class action status for women suing over pay equity claims.
The company, whose chairman and chief technology officer is billionaire Larry Ellison, said in its most recent proxy statement that Daley earned nearly $11.3 million in total compensation during fiscal 2021. She has also sold off approximately $45.6 million in Oracle stock since last year, according to securities filings.
Daley’s annual pay included $875,000 in base salary, a $1 million bonus, and nearly $9.4 million in stock awards. The bonus was “in recognition” of her “significant contributions to Oracle’s legal strategy and success,” the company said in its