Oracle Corporation (NYSE: ORCL) announced the unanimous election of Dr. Tomislav Mihaljevic to its board of directors, effective May 6. The appointment increases the board size to 13 members.

Dr. Mihaljevic serves as chief executive officer and president of Cleveland Clinic, a position he has held since January 2018. Cleveland Clinic operates as a nonprofit multispecialty academic medical center and global integrated healthcare system. From 2015 to 2017, he served as chief executive officer of Cleveland Clinic Abu Dhabi and previously worked as chief of staff and chairman of the Heart & Vascular Institute there.

He joined Cleveland Clinic in 2004 as a surgeon in the Department of Thoracic and Cardiovascular Surgery and previously served as a director of GE HealthCare.

"Tom is one of the world's leading healthcare executives, with deep experience managing complex clinical organizations, advancing patient care, and expanding access to high-quality healthcare around the world," said Mike Sicilia, Oracle chief executive officer.

Clay Magouyrk, Oracle's chief executive officer, stated that Dr. Mihaljevic's perspective would be valuable as Oracle continues to help healthcare organizations use technology to improve outcomes for patients and providers.

Bruce Chizen, chair of Oracle's Nomination and Governance Committee, noted that Dr. Mihaljevic's leadership at Cleveland Clinic provides him with understanding of challenges facing healthcare systems globally.

Oracle board members serve one-year terms and will stand for election at the company's annual stockholder meeting in November 2026.