McDermott steps down after decade as SAP’s chief salesman and dealmaker

By Douglas Busvine BERLIN (Reuters) - Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. SAP announced the management overhaul, with immediate effect, after rushing out third-quarter results that showed it gaining traction in its drive to offer a more streamlined range of services and boost profitability. The announcement brings down the curtain on an era in which McDermott struck a string of multi-billion-dollar deals that helped establish SAP as Europe's pre-eminent technology group but also created complexity that frustrated many clients

The post McDermott steps down after decade as SAP’s chief salesman and dealmaker appeared first on Firstpost.

from Firstpost