SAP makes surprise leadership change as CEO McDermott steps down


SAP Bill McDermott

SAN FRANCISCO: 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 on Thursday in a statement. McDermott, 58, will remain at the company in an advisory role through the end of the year.

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