Bookmark Bookmark

SAP appoints new co-CEOs

SAP appoints new co-CEOs 

Chief Executive Officer Bill McDermott led Europe’s largest software company during a decade of rapid changes in the industry. Bill McDermott has stepped down after a decade building up Full form of SAP is Systems Applications and Products in Data Processing (SAP), passing the reins of the enterprise software company to new co-CEOs Jennifer Morgan and Christian Klein.


  • In 2002 McDermott joined Walldorf, Germany-based SAP.
  • He is 58 years old. 
  • At the maker of business applications and databases he was the first American to hold that rank. 
  • McDermott slumped cloud computing, improving the way SAP sold software so customers could use it over the internet.
  • McDermott has been transitioning the company through acquisitions and revamped products.
  • SAP announced the management overhaul, with immediate effect, after rushing out third-quarter results that showed it gaining traction in its drive to boost profitability and offer a more streamlined range of services. 

Jennifer Morgan: 

  • Jennifer Morgan joined SAP in 2004, served as the president of the software giant’s cloud business group. 
  • She is 48 years old.
  • In 2017, she became the first American woman appointed to SAP’s executive board. 

Christian Klein:

  • Klein, who joined SAP in 1999 as a student, has been chief operating officer since April 2016.
  • He has served on the executive board since 2018.

About SAP:

  • SAP Software was founded in 1972.
  • SAP was founded by Wellenreuther, Hopp, Hector, Plattner, and Tschira.
  • SAP covers virtually every aspect of business management. 

You might be interested:

Ganges river dolphin census

Ganges river dolphin census  As the part of the “My Ganga, My Dolphin” Campaign by the World Wide Fund for Nature, India in collaboration with the Uttar Pradesh Forest Department have ...

4 months ago

India extended LOC to Union of Comoros

India extended LOC to Union of Comoros On 11th October Vice President M Venkaiah Naidu and President of Comoros Azali Assoumani held wide ranging talks. Both the countries signed six agreements, inclu ...

4 months ago

One Liners of the Day, 13 October 2019

Economy According to the India Ratings and Research (Ind-Ra), India's gross domestic product (GDP) forecast for 2019-20 - 6.1 percent. On 10th October 2019, the Government e-Marketplace (GeM) signed ...

4 months ago

Daily News Digest:12 October 2019

India Ratings and Research has lowered India’s GDP forecast for financial year 2019-20 to 6.1%On 10th October India Ratings and Research (Ind-Ra) reduced India's gross domestic product (GDP) fo ...

4 months ago

India joins WEF’s G20

India joins WEF’s G20  The G20 Global Smart Cities Alliance on Technology Governance will make the global norms and policy standards for the use of connected devices in public spaces. World ...

4 months ago

Milkha Singh wins lifetime achievement

Milkha Singh wins lifetime achievement  Milkha Singh was honoured with the lifetime achievement award at the second edition of the Indian Sports Honour.  Key Points  That is an initiat ...

4 months ago

Provide your feedback on this article: