When Bill McDermott announced he was stepping down as CEO at SAP a couple of weeks ago, it certainly felt like a curious move — but he landed on his feet pretty quickly. ServiceNow announced he would be taking over as CEO there. The transition will take place at year-end.
This morning, SAP’s Bill McDermott announced he would be stepping down as CEO of the company. Jennifer Morgan and Christian Klein would follow as co-CEOs, with a handover period until end of this year. Jennifer and Christian are the youngest CEOs and will certainly drive forward the companies transformation. This is the official announcement:
Bill McDermott is stepping down as CEO of SAP. SAP Executive Board Members Jennifer Morgan and Christian Klein have been appointed co-CEOs. Read the news.
Some huge changes to start the Weekend with at #SAP. As Executive Board Member and President of the Cloud Business Group Robert Enslin decided to step back from his role and pursue an external opportunity, Jennifer Morgan will succeed him as president of the Cloud Business Group (CBG). Adaire Fox-Martin will assume the role of president in the Global Customer Operations.