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SAP Has Two CEOs Again

October 11, 2019

Longtime CEO Bill McDermott is stepping down, leading to the appointment of two co-CEOs amid a string of leadership shakeups

After nine years at the helm of German software giant SAP, Bill McDermott announced yesterday that he will not renew his contract and is stepping down immediately. Through a preplanned succession plan, through which SAP Executive Board Members Jennifer Morgan and Christian Klein will serve as co-CEOs.