Surprising leadership change at SAP: Bill McDermott resigns

Surprising leadership change at SAP: Bill McDermott resigns

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SAP SE recently announced that SAP CEO Bill McDermott will not renew his contract and step down as CEO. After ten years, Bill McDermott resigns from his position as Chief Executive Officer (CEO). However, according to the company, McDermott is expected to remain in an advisory role in the company by the end of the year to ensure a smooth transition.

McDermott has been with SAP since 2002. Among other things, he was Head of Sales Region North America and was subsequently responsible for global customer business. In 2008 he was appointed to the Executive Board. As CEO, McDermott expanded its solution portfolio and led SAP toward cloud computing.

The successors are already fixed; this is how the long-term succession planning of the Supervisory Board, which appointed Management Board members Jennifer Morgan and Christian Klein as successors and co-CEOs with immediate effect and approval of the Supervisory Board, takes effect.

Morgan and Klein have decades of experience in the enterprise software industry. Both already have responsibility in the company’s executive board. Since 2004, Morgan has been the president of the Cloud Business Group since 2004 and heads the Qualtrics, SAP SuccessFactors, SAP Ariba, SAP Fieldglass, SAP Customer Experience and SAP Concur divisions. She has been a member of the SAP Board of Directors since 2017.

Klein began his career as a student at SAP twenty years ago. He is the company’s chief operating officer today. He is also responsible for product development for the ERP solution SAP S / 4HANA. Previously, he served as Chief Financial Officer of SAP SuccessFactors and as Chief Controlling Officer of SAP. He sits on the SAP board since 2018.

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I am an independent trader currency and commodity with about eight years of experience. I love the financial world because it is like one big puzzle and I hope we help each other out to solve the puzzle to help us realize our dreams. I received my BBA in Accounting (With Honors) - from The University of Texas - San Antonio. Achievements: Beta Alpha Psi National Accounting Honors Fraternity member, Leadership Challenge Participant, Dean's List. I have passed the Series 63, 22, Texas Real Estate exam, and the DRI Business Continuity exam.

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