WALLDORF — SAP SE (NYSE:SAP) today announced that Bill McDermott has decided not to renew his contract and is stepping down from his position as chief executive officer. In activating the company’s long-term succession plan, SAP Executive Board Members Jennifer Morgan and Christian Klein have been appointed co-chief executive officers, effective immediately, with the approval of the Supervisory Board of SAP SE.

 https://news.sap.com/2019/10/sap-set-course-future-next-generation-leadership
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