SAP’s co-CEO Morgan to depart April 30, Klein becomes sole CEO
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SAP has named Christian Klein sole CEO effective April 30 as co-CEO Jennifer Morgan will depart.
Morgan and Klein were named co-CEOs following the departure of Bill McDermott in October. McDermott later became CEO of ServiceNow.
The departure of Morgan, known for her strong sales and customer background, is unexpected so soon after her appointment last year. In a statement, SAP said that Morgan and the company’s supervisory board both mutually agreed she should depart.
The company said the current environment requires agility and a “very clear leadership structure” so SAP will have a sole CEO model going forward. Klein is 39 years old.
Morgan has been with SAP since 2004 and before becoming co-CEO with Klein she was president of the company’s cloud unit.
Related:
- SAP’s software licensing took Q1 hit due to COVID-19 pandemic
- SAP reorganizes business units to align sales, product strategy
- SAP Q4 2019: SAP hits €8 billion revenue mark as cloud bookings surge
- SAP prepares for its next big challenge
- Bill McDermott’s departure can help SAP refocus on customer priorities, also brings risk
Article source: https://www.zdnet.com/article/saps-co-ceo-morgan-to-depart-april-30-klein-becomes-sole-ceo/#ftag=RSSbaffb68