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SAP CEO Bill McDermott Steps Down

By Kevin McLaughlin
· · Source: The Information

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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