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 company’s stock has climbed 21% t

11 Oct 2019
SAP founder/CEO steps down, Boeing partners with Porsche, Ford launches in-car VR
Trakm8 Holdings PLC (TRAK:LON), 9.2 | CAP-XX Limited (CPX:LON), 0.3 | Huddled Group PLC (HUD:LON), 3.2 | Netcall plc (NET:LON), 116 | Seeing Machines Limited (SEE:LON), 2.9 | Tracsis plc (TRCS:LON), 400 | Quartix Technologies PLC (QTX:LON), 231 | Engage XR Holdings PLC (EXR:LON), 1.0

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SAP founder/CEO steps down, Boeing partners with Porsche, Ford launches in-car VR
Trakm8 Holdings PLC (TRAK:LON), 9.2 | CAP-XX Limited (CPX:LON), 0.3 | Huddled Group PLC (HUD:LON), 3.2 | Netcall plc (NET:LON), 116 | Seeing Machines Limited (SEE:LON), 2.9 | Tracsis plc (TRCS:LON), 400 | Quartix Technologies PLC (QTX:LON), 231 | Engage XR Holdings PLC (EXR:LON), 1.0
- Published:
11 Oct 2019 -
Author:
Kartik Swaminathan -
Pages:
5 -
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 company’s stock has climbed 21% t