Coup de theater in the German software company SAP. After learning, during a supervisory board that his contract was not renewed, the CEO, Leo Apotheker, has resigned with immediate effect Sunday night. He will be replaced as head of the group by the duo Co-CEOs Bill McDermott, who heads the field organization, and Jim Hagemann Snabe, responsible for product development.
"The new organization's executive committee will allow SAP to better align product innovation and customer needs.The new team will continue to lead SAP's strategy and focus on profitable growth, while offering innovations delivered in the course of 2010 to enhance the leading position of SAP in the market for enterprise software " says Hasso Plattner, co-founder and chairman of the supervisory board of SAP, in a statement no credit check payday loans .
Leo Apotheker was at SAP since 1998 and only the head of the company since April 2008. He is the founder of SAP France and was appointed Director General before the departure of his predecessor, Henning Kagermann, to ensure a smooth transition
He reproached his communication internally and externally and does not reflect the views of customers in its strategic choices.Especially, the directors have endorsed the delay by the group in the development of cloud computing, which is to enable small and medium-sized businesses access to software not installed on their networks, but via the Internet.
SAP reached in 2009 net profit down 4% to 1.8 billion euros.
A conference call will be broadcast on Monday at 14.30.