Breaking: Apotheker to resign immediately as SAP AG CEO

SAP AG said today that the SAP Supervisory Board has reached a mutual agreement with CEO Leo Apotheker not to extend his contract as a member of the SAP Executive Board, and that Apotheker has resigned as CEO and member of the SAP Executive Board effective immediately.
SAP will function now with two CO-CEOs; Co-CEOs: Bill McDermott, head of field organization, and Jim Hagemann Snabe, head of product development.
The implications of this announcement are astounding, frankly. SAP has had some problems recently, but I've never heard a clue of anything like this going on, and it is so unusual for SAP to make a change like this that isn't planned out over a long period of time.

Press Release

SAP CEO Apotheker steps down after seven months (Reuters)

SAP: Apotheker gone, co-CEO's appointed
(ZDNet Blogs)
Dennis Howlett not very surprised.

SAP: New leadership, same old story? (ZDNet Blogs)



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