SAP’s McDermott steps down after decade at the helm

SAP’s McDermott steps down after decade at the helm

Bill McDermott stood down on Friday after a decade building up SAP, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein. The succession ends an era in which McDermott struck a string of multi-billion-dollar deals that built SAP into Europe’s leading technology group.

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