SAP Drops Co-CEO Role After Six Months as Virus Upends Plans
- Klein to be sole CEO in move for ‘clear leadership structure’
- Company reports solid start to year in Tuesday statement
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SAP SE Co-Chief Executive Officer Jennifer Morgan, appointed in October to the top executive post alongside Christian Klein, will abruptly leave the German software company at the end of April, after the Covid-19 pandemic caused problems with its leadership structure.
Klein, 39, will remain in the CEO role, SAP said late Monday in a statement. He joined the company as a student in 1999 and had been chief operating officer since April 2016 before his October promotion, with Morgan, to replace Bill McDermott in the top job. Klein has been a member of SAP’s executive board since 2018.