Bill McDermott stood down on Friday after a decade building up SAP as the world&...
) as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
“SAP would not be what it is today without Bill McDermott,” said Hasso Plattner, a co-founder of SAP who chairs the company’s supervisory board. “Bill was able to place SAP firmly in the cloud market and begin a difficult transition to an entirely new way of doing business, all the while still delivering the revenues investors were looking for. That’s no mean feat,” said Joshua Greenbaum, principal at EAConsult.
McDermott, speaking on a late-night call with reporters, denied bowing to pressure from Elliott, saying he would have had to decide on renewing his contract in early 2020. He chose not to, on his own terms, in consultation with Plattner.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAP CEO Bill McDermott to step down after over nine years leading software giantSAP said on Thursday that Bill McDermott is stepping down as CEO. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs.
Read more »
SAP CEO Bill McDermott is stepping down - Business InsiderSAP CEO Bill McDermott is stepping down in a major shift for the enterprise software giant, as cloud exec Jennifer Morgan becomes co-CEO.
Read more »
SAP CEO Steps DownGerman business-software giant SAP said CEO Bill McDermott wouldn’t seek another term and is being replaced in the role with immediate effect.
Read more »
Google Cloud hires HR lead from SAP as it prepares for aggressive growthGoogle Cloud has hired SAP executive Brigette McInnis-Day to lead its human resources division as it scales aggressively.
Read more »
SAP CEO Bill McDermott to step down after over nine years leading software giantSAP said on Thursday that Bill McDermott is stepping down as CEO. Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs.
Read more »
SAP CEO Bill McDermott is stepping down - Business InsiderSAP CEO Bill McDermott is stepping down in a major shift for the enterprise software giant, as cloud exec Jennifer Morgan becomes co-CEO.
Read more »