Bill McDermott to Leave SAP
14 Oct 19
Bill McDermott is stepping down as chief executive at SAP after a decade building it into the world’s leading enterprise software company. The task of completing a transition to cloud computing will be left to two new co-chief executives, Jennifer Morgan and Christian Klein.
SAP announced the management overhaul, to take effect immediately, after rushing out third-quarter results on Thursday that showed it gaining traction in its drive to offer a more streamlined range of services and improve profitability.
During his tenure, Mr. McDermott struck a string of multibillion-dollar deals that established SAP as Europe’s pre-eminent technology group but also created complexity that frustrated many clients.
“SAP would not be what it is today without Bill McDermott,” said Hasso Plattner, a co-founder of SAP and chairman of the company’s supervisory board. “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.”
Mr. Plattner founded SAP in the early 1970s with three former IBM colleagues. He exerted quiet influence from behind the scenes, giving room for the extroverted Mr. McDermott to play the role of showman and salesman.
The new leadership combines Ms. Morgan’s focus on customer relationships in SAP’s North American markets with Mr. Klein’s background in process innovation that is rooted in SAP’s German heritage.
“Jen and Christian are in a good position to further SAP’s own transformation while delivering the technology to fuel their customers’ own transformations,” said Joshua Greenbaum, principal at EAConsult. “It won’t be easy by any stretch of the imagination, but the foundational elements are in place.”
Article Courtesy of The New York Times