SAP’s co-CEO structure is over
After US stock markets closed on Monday, SAP (NYSE: SAP) announced, via press release, that it was parting ways with co-CEO Jennifer Morgan and giving the leadership role solely to her counterpart Christian Klein. The company announces its earnings later today.
The news came as a big surprise to the enterprise software vendor’s customer, investor and analyst communities who had been bullish on the two executives. They were charged with reenergizing the 48-year-old firm and helping its more than 12 million worldwide users at over 41,200 customer sites realize the promise of digital transformation. As of today, Klein will have to do that without Morgan, who has been at SAP for 16 years.
Without taking anything away from Klein or judging the wisdom of SAP’s decision, “It’s a sad day, as the tenure of the first woman at the helm of a DAX company, was only a little over six months,” says Holger Mueller, vice president and principal analyst at Constellation Research. “Morgan is extremely capable of handling the responsibilities,” says Josh Greenbaum, industry analyst and principal analyst at Enterprise Applications Consulting.
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