iTnews

SAP CEO Bill McDermott to step down

By Staff Writers on Oct 12, 2019 8:56AM
SAP CEO Bill McDermott to step down

Co-CEOs appointed to run software maker.

SAP’s chief executive Bill McDermott is stepping down after a decade in the role, with the software company to be led by a pair of co-CEOs.

The enterprise resource planning (ERP) maker said in a statement it had activated its long-term succession plan, appointing “SAP executive board members Jennifer Morgan and Christian Klein … co-chief executive officers, effective immediately,”

McDermott will remain “in an advisory capacity until the end of the year to ensure a smooth transition.”

SAP co-founder Hasso Plattner led the tributes to McDermott.

“SAP would not be what it is today without Bill McDermott,” Plattner said.

“Bill made invaluable contributions to this company and he was a main driver of SAP’s transition to the cloud, which will fuel our growth for many years to come.”

McDermott joined SAP in 2002.

“Every CEO dreams of being able to transition a company to its next generation from a position of significant strength,” McDermott said. 

“When you look at where we were and where we are, I simply could not be prouder of what this company has achieved over the past decade.

“Now is the moment for everyone to begin an exciting new chapter, and I am confident that Jennifer and Christian will do an outstanding job.”

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
bill mcdermott sap software training & development

Partner Content

Beat the DDoS blackmails in 2021
Promoted Content Beat the DDoS blackmails in 2021
COVID puts agile IT under the microscope
Promoted Content COVID puts agile IT under the microscope
Preventing cybercrime in the world of forex trading
Promoted Content Preventing cybercrime in the world of forex trading
Setting a path to self-funded mainframe-to-cloud modernisation with Micro Focus
Promoted Content Setting a path to self-funded mainframe-to-cloud modernisation with Micro Focus

Sponsored Whitepapers

Move beyond passwords
Move beyond passwords
The top 5 tech trends to deliver business outcomes
The top 5 tech trends to deliver business outcomes
10 reasons why businesses need to invest in cloud security training
10 reasons why businesses need to invest in cloud security training
Your guide to application security solutions
Your guide to application security solutions
State of Software Security: Open Source Edition
State of Software Security: Open Source Edition

Events

  • On-Demand Webinar: How Poly and Microsoft are Embracing Future Work Environments
By Staff Writers
Oct 12 2019
8:56AM
0 Comments

Related Articles

  • AGL skins 300-plus enterprise systems with a single employee app
  • SAP and IBM redraw diversity policies after Black Lives Matter protests
  • NAB tells staff to up their digital and data game
  • AGL Energy predicts more spend on mobilising its workforce
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

TPG Telecom to start enticing NBN customers to move

TPG Telecom to start enticing NBN customers to move

Infosys scores another $40m for Centrelink payments engine build

Infosys scores another $40m for Centrelink payments engine build

Telstra InfraCo opens up telco's own fibre network

Telstra InfraCo opens up telco's own fibre network

Transport for NSW data stolen in Accellion breach

Transport for NSW data stolen in Accellion breach

You must be a registered member of iTnews to post a comment.
Log In | Register
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.