SAP SE said Chief Executive Officer Bill McDermott, who led Europe’s largest software company during a decade of rapid changes in the industry, is stepping down and will be replaced by Jennifer Morgan and Christian Klein as co-CEOs. She became the first American woman appointed to SAP’s executive board in 2017 when she was named president of the Americas and Asia. Klein, who joined SAP as a student in 1999, has been chief operating officer since April 2016 and has served on the executive board since 2018. McDermott, 58, joined Walldorf, Germany-based SAP in 2002 and has been CEO for about a decade. McDermott embraced cloud computing, changing the way SAP sold software so customers could use it over the internet.

Source: Mint October 11, 2019 07:07 UTC