Jim Hagemann Snabe, whose contract was supposed to run through 2017, has apparently tired of his half of SAP’s CEO job and will be stepping down next May leaving the post solely to Bill McDermott, a 51-year-old American.
The plan then is for the 47-year-old Dane, who’s been responsible for SAP’s product development, to join the German company’s supervisory board (provided 25% of SAP’s shareholders vote for him).
Supposedly he wants to see more of his family. In a canned statement he said, “After more than 20 years with SAP, I have decided that it is time for me to begin the next phase of my career, closer to my family.”