1. SAP Reverts to Co-CEOs as McDermott Steps Down

    SAP Reverts to Co-CEOs as McDermott Steps Down

    Bill McDermott stood down today after a decade building up SAP as the world's leading enterprise software company. He will hand 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...

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    1. SAP would not be what it is today without Bill McDermott.
    2. I've enjoyed a great run and an exciting ride.
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