Shulou(Shulou.com)06/02 Report--

2019-10-15 14:59:39

Beijing, October 13, 2019-SAP announced that Bill McDermott has decided not to renew his term of office and will step down as CEO. The company launched a long-term succession program, and SAP Executive Board members Jennifer Morgan and Christian Klein were appointed as Joint CEO, effective immediately with the approval of the SAP Supervisory Board.

Meng Dingming will continue to serve as an adviser until the end of the year to ensure a smooth transition.

Professor Hasso, chairman of the supervisory board of SAP, said: "without Bill, there would be no SAP today." He made an outstanding contribution to the company, leading SAP to successfully transform to the cloud, laying a solid foundation for the company's development. We thank him for everything he has done for SAP. At the same time, we also congratulate Jennifer and Collian, who will have the opportunity to lead SAP into the future. More than a year ago, Bill and I decided to give more responsibilities to Jennifer and Collian as an important part of training them to become the next generation of leaders. As SAP enters a new phase of growth and innovation, we have full confidence in their vision and capabilities. "

"it is every CEO's dream to lead a strong company to make a smooth transition to the next generation." Meng Dingming said: "looking back and looking back at the present, I am extremely proud of the achievements the company has made in the past decade. I am honored to have the opportunity to lead such an outstanding global company as SAP. Now is the time to start an exciting new chapter. I have great confidence in Jennifer and Kerry Ann that they will be competent and perform well. I look forward to helping them achieve the 2019 goal and lay the foundation for 2020 and the future. I would like to extend my heartfelt thanks and high respect to every customer, partner, shareholder and colleague who has deep trust in SAP. "

Meng Dingming joined SAP in 2002. As head of North America, he led the company to significantly increase its market share in the region, putting SAP on the road to becoming a global giant. He then headed the company's global customer operations and joined the executive board in 2008. Over the past decade, Meng Dingming served as CEO and led SAP through a period of rapid growth, including the expansion of its product line and a major transition to cloud computing. Under his leadership, SAP has made significant improvements in key indicators such as market capitalization, revenue, profit, employee engagement and environmental sustainability since 2010.

With the formal approval of the board of supervisors, SAP launched the leadership succession plan. The plan aims to maintain continuity and empower the next generation of leaders before the formal arrival of 2020.

"Jennifer and Corinne have proved that they are perfectly complementary and will become a strong co-CEO, a leadership model that has stood the test of time at SAP and has been successful many times." Professor Hasso added.

Jennifer Morgan and Collian have decades of experience in the enterprise application industry and are members of the executive board of SAP. Morgan joined SAP in 2004 and currently serves as President of Cloud Business Group (Cloud Business Group), responsible for Qualtrics,SAP SuccessFactors, SAP Ariba, SAP Fieldglass,SAP CX and SAP Concur business development. She was appointed to the executive board in 2017.

Jennifer Morgan said: "I am very grateful to Professor Hasso and the supervisory board for their trust in me and Corrian and for us to take SAP to the next stage. We will accept this challenge with an open mind and sincerely believe that the future development of SAP will be broader. We have the best and most talented colleagues in the world, which gives us confidence in the way forward. Bill is not only a great leader, but also our mentor and role model. As if standing on the shoulders of giants, we will forge ahead on the great achievements established by Bill. "

Corinne started his career at SAP 20 years ago as a student and is currently the chief operating officer of SAP, responsible for product development of SAP's flagship ERP solution S / 4HANA. Previously, he served as chief financial officer of SAP SuccessFactors and chief financial control officer of SAP. Corinne was appointed as a member of the Executive Board in 2018.

"I started my career at SAP and now co-CEO with Jennifer Morgan, which is a great honor for me," Ke said. Professor Hasso has given us a great opportunity, and we are deeply grateful to him and the board of supervisors. SAP has the most comprehensive portfolio of solutions in the industry, and we will take advantage of this unprecedented opportunity to work harder to deliver smart businesses as a tribute to our predecessor Bill. We will follow his example and strive to become outstanding leaders who can inspire others. "

In a separate press release, SAP advanced its results for the third quarter of 2019, highlighting its strong double-digit revenue and profit growth, as well as significant profit margin growth.

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