SAP: No change at the top as board extends CEO contracts

Bill McDermott and Jim Hagemann Snabe will run until June 2017

SAP announced Thursday that its supervisory board has extended the contracts of co-CEOs Jim Hagemann Snabe and Bill McDermott until June 30, 2017, in a move that could give customers confidence that the company remains committed long-term to its strategies for mobile computing, analytics and SaaS (software as a service).

McDermott and Snabe made their mark on SAP shortly after being appointed co-CEOs in early 2010, following the departure of CEO Leo Apotheker, who since took the top job at Hewlett-Packard.

Last May, SAP purchased Sybase in a US$5.8 billion deal that gave it a mobile middleware platform, databases and other technology. The company has also been pushing on-demand software products such as Business ByDesign, an ERP (enterprise resource planning) suite that also serves as a development platform for other SaaS applications.

The HANA (High Performance Analytic Appliance) in-memory computing engine is another major area of focus for SAP of late, although executive board member Vishal Sikka and SAP co-founder Hasso Plattner are considered the main driving forces behind it.

Snabe and McDermott's contract extensions recognize "their extraordinary achievements in leading SAP's successful growth performance during their tenure," Plattner said in a statement.

Also Thursday, SAP said that it has extended executive board member and chief operating officer Gerhard Oswald's contract through June 30, 2014.

The board's decision means a couple of other things, according to one observer.

"They still believe in the co-CEO role," said analyst Ray Wang, CEO of Constellation Research. "The company's big enough and complicated enough that the responsibilities can still be divided between the two." Snabe oversees product development, while McDermott concentrates on sales and channel development.

It also means "there are no other successor candidates in the background," Wang added.

SAP customers should take note of the contract extensions, Wang said. "Stability of leadership is important. SAP is going through a transition, and the important thing to know is the leaders that have been picked are going to be around for a while."

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuespersonnelSAPsoftwareinternetsybasecloud computingmobile

Struggling for Christmas presents this year? Check out our Christmas Gift Guide for some top tech suggestions and more.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?