The chief executive officer of SAP, Leo Apotheker, has resigned his post and from the company's board, after the board declined to extend his contract, the business software maker announced Sunday.
The resignation, which was reportedly by mutual decision, is effective immediately.
To replace Apotheker, the SAP's board has appointed co-CEOs: Bill McDermott, head of field organization, and Jim Hagemann Snabe, head of product development.
"The new setup of the SAP executive board will allow SAP to better align product innovation with customer needs," SAP Chairman Hasso Plattner said in a statement. "The new leadership … Read more