Estimated reading time: 1 minute, 0 seconds

SAP DOWN TO ONE CEO Featured

The tenure of the new Co-CEOs at SAP ended abruptly this week. The German software company said co-CEO Jennifer Morgan has left the company effective April 20.

Morgan and Christian Klein became co-CEOs in October following the departure of Bill McDermott. Now, Klein is remaining as the sole occupant of the executive office. The company cited the current virus as triggering the move to provide “a. very clear leadership structure.”  SAP has a history of having CO-CEOS: Jim Hagemann Snabe and McDermott were leaders in tandem from Feb. 8, 2010 until Hagemann Snabe resigned the role when he was elected to the SAP Supervisory Board on May 21, 2014. SAP pictured the move to Klein as the sole leader as part of a plan that was accelerated. “The decision to transfer from Co-CEO to sole CEO model was taken earlier than planned to ensure strong, unambiguous steering in times of an unprecedented crisis,” the company said in announcing Morgan’s departure. If that were the plan, it wasn’t in the October 10 press release about Morgan and Klein taking the job. Morgan joined SAP in 2004 and rose quickly in the ranks and joined the executive board of SAP in 2017.

Read 1453 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.