SAP Makes Surprise Leadership Change as CEO McDermott Steps Down
- Company names Jennifer Morgan, Christian Klein as co-CEOs
- McDermott to remain at SAP in advisory role until end of year
This article is for subscribers only.
SAP SE named executives Jennifer Morgan and Christian Klein as the successors to Chief Executive Officer Bill McDermott, who’s stepping down after leading Europe’s largest software company during a decade of major industry changes.
The two SAP veterans will become co-CEOs effective immediately, the company said Thursday in a statement. McDermott, 58, will remain at the company in an advisory role through the end of the year.