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.