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)



permalink


Philly Tech People News 2/07/2010

InterDigital Names Terry Clontz Chairman of the Board of Directors (Business Wire)

InterDigital Appoints Naresh Soni Chief Technology Officer (Business Wire)

Viridity Energy Names Samuel A. Wolfe as Director of Legal & Regulatory Affairs (Business Wire)

e-DMZ Security Appoints Experienced Information Security Professional, Andrew Clarke, As Vice President to Head Growing EMEA Business (Business Wire)

Robert Sammis Joins BioClinica as VP of Finance for eClinical Division (Business Wire)

Backe Digital hires Andrew Schultz as Digital and Experience Strategist (Philly Ad Club)

O3 World adds Keith McGinnis and Alex Turbett (Philly Ad Club)

Mickey Flynn to Step Down as President of Pennsylvania Bio Mid-Year, Board Names Chris Molineaux His Successor (Business Wire)


MODA Names New Members to QC Micro Advisory Board (PR Web)




permalink