{"id":40752,"date":"2020-04-21T10:04:25","date_gmt":"2020-04-21T10:04:25","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=f9aab65113d6c2f885f578d555719280"},"modified":"2020-04-21T10:04:25","modified_gmt":"2020-04-21T10:04:25","slug":"coronavirus-crisis-spurs-sap-to-remove-co-ceo-jennifer-morgan","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/coronavirus-crisis-spurs-sap-to-remove-co-ceo-jennifer-morgan\/","title":{"rendered":"Coronavirus crisis spurs SAP to remove co-CEO Jennifer Morgan"},"content":{"rendered":"


\n Keumars Afifi-Sabet<\/a><\/span>
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21 Apr, 2020<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

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SAP will part ways with its co-CEO, Jennifer Morgan, a matter of months after she took up the mantle alongside Christian Klein\u00a0following the departure of former chief Bill McDermott last October.<\/p>\n

The ERP software<\/a> giant has restructured to adopt a ‘sole CEO model’, which means Morgan, who has been at the company in various capacities since 2004, has been squeezed out. The co-CEO will depart the company on 30 April.\u00a0<\/p>\n

The changes have come in light of “the current environment” which requires the company to take “swift, determined action” supported by a clear leadership structure.<\/p>\n

<\/p>\n

\n“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,” Morgan said.\u00a0<\/p>\n

“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.”<\/p>\n

The decision to part ways with the SAP<\/a> veteran comes amid the ongoing coronavirus pandemic<\/a>, which is wreaking havoc in all sectors across the global economy,\u00a0including major IT and tech companies.\u00a0<\/p>\n

SAP, incidentally, has sustained growth in revenues and profits during the first quarter of 2020, suggesting the sudden move to restructure its leadership is precautionary. The strong showing is headlined by a 7% rise in revenue.<\/p>\n

However, the company has conceded the decision to shift its leadership model has come “earlier than planned” as it needs to focus on ensuring continuity, and unambiguous decision-making, during the crisis.<\/p>\n

“Throughout SAP’s transformation, Jennifer has always been laser-focused on customers, partners, shareholders and employees,” said sole CEO Christian Klein.\u00a0<\/p>\n

“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.”<\/p>\n

Morgan joined SAP in 2004 and was appointed co-CEO with Klein in October 2019 when McDermott left. He now serves as the chief of the cloud software company ServiceNow<\/a>. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Keumars Afifi-Sabet<\/p>\n

21 Apr, 2020 <\/p>\n

SAP will part ways with its co-CEO, Jennifer Morgan, a matter of months after she took up the mantle alongside Christian Klein\u00a0following the departure of former chief Bill McDermott last …<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40752","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/433"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=40752"}],"version-history":[{"count":2,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40752\/revisions"}],"predecessor-version":[{"id":40754,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40752\/revisions\/40754"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=40752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=40752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=40752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}