SAP announced that Bill McDermott, its CEO since 2010, is stepping down effective immediately. The move comes six months after SAP launched an internal review aimed at increasing profitability in its cloud applications business. SAP is replacing McDermott with two senior executives from inside the company: Christian Klein, chief operating officer, and Jennifer Morgan, president of SAP’s Cloud...
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Lending Startup Backed By Benioff, Shopify Nears CEO Appointment
Pipe, one of a cluster of startups that found a niche in lending money to companies against their recurring revenues, is close to naming a new CEO to succeed co-founders Harry Hurst and Josh Mangel, who were co-CEOs until last fall, according to people familiar with the decision. Luke Voiles, an executive from payment app Block, has surfaced as a potential candidate, said a person close to the...
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