Bill McDermott stood down on Friday after a decade building up SAP as the world&...
) 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 would not be what it is today without Bill McDermott,” said Hasso Plattner, a co-founder of SAP who chairs the company’s supervisory board. “Bill was able to place SAP firmly in the cloud market and begin a difficult transition to an entirely new way of doing business, all the while still delivering the revenues investors were looking for. That’s no mean feat,” said Joshua Greenbaum, principal at EAConsult.
McDermott, speaking on a late-night call with reporters, denied bowing to pressure from Elliott, saying he would have had to decide on renewing his contract in early 2020. He chose not to, on his own terms, in consultation with Plattner.
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