- SAP SE (NYSE: SAP) has announced that Christian Klein, Co-Chief Executive Officer and member of the Executive Board, will now be the sole CEO of the company.
SAP SE (NYSE: SAP) has announced that Christian Klein, Co-Chief Executive Officer and member of the Executive Board, will now be the sole CEO of the company as Jennifer Morgan, Co-Chief Executive Officer and member of the Executive Board, agreed with the Supervisory Board of SAP SE that she will depart the company, effective April 30, 2020.
SAP said that the decision to transfer from Co-CEO to the sole CEO model was taken earlier than planned in order to “ensure strong, unambiguous steering in times of an unprecedented crisis.”
Key Quotes:
“I am grateful to Jennifer for her leadership of SAP, including all she has done for the company, our people, and our customers. This transition comes at a time of great uncertainty in the world, but I have full faith in Christian’s vision and capabilities in leading SAP forward toward continued profitable growth, innovation, and customer success.”
-Professor Hasso Plattner, chairman of the Supervisory Board of SAP SE
“I’d like to thank Jennifer for her partnership over many years. Throughout SAP’s transformation, Jennifer has always been laser-focused on customers, partners, shareholders, and employees. It’s thanks to her that we have established a strong position in experience management solutions. I know she will always be a champion of SAP.”
-Christian Klein, CEO of SAP SE and member of the Executive Board
“It has been a great privilege to drive SAP’s growth and innovation in so many areas and most recently as Co-CEO. With unprecedented change within the world, it has become clear that now is the right time for the company to transition to a single CEO leading the business. I would like to thank Hasso Plattner for the opportunity to co-lead this great company, and I wish Christian, the Executive Board, and SAP’s talented team much success as they drive the company forward.”
-Jennifer Morgan
