SAP AG’s Bill McDermott, who became the German company’s sole chief executive officer today, is counting on the leadership change to speed decision-making at the software maker trying to accelerate growth.
SAP AG veteran Bernd Leukert, thrust into the role of development chief this month after the surprise departure of Vishal Sikka, says the German software giant’s products should resemble those of toymaker Lego AS.
SAP AG’s longtime technology head Vishal Sikka is leaving as Bill McDermott reorganizes the management team ahead of his ascension to sole chief executive officer of the largest maker of business-management software.
As software maker SAP AG expands in emerging markets from Beijing to Buenos Aires, managers are also focusing their attention on a place they have sometimes neglected: the company’s home country of Germany.
SAP AG, the largest maker of business-management software, is finding it hard to please investors as a sales boost from its shift to online programs is being muted by a slowdown for older products and a strong euro.
SAP AG, the largest maker of business-management software, said first-quarter sales of cloud services in China more than doubled as a joint venture with the nation’s largest fixed-line carrier helped boost demand.
SAP AG will end its dual chief executive officer structure next year, with Bill McDermott becoming sole leader as the largest maker of business-management software battles intensifying competition amid a shift in demand to Internet-based applications.