Summary List Placement
It’s been a challenging year for SAP, marked by big, sometimes abrupt, leadership changes.
A year ago, the German software giant named two veteran execs — Christian Klein and Jennifer Morgan — to serve as co-CEOs after longtime chief Bill McDermott stepped down. Six months later, Morgan suddenly left just as the pandemic was starting to upend the global economy, leaving Klein as SAP’s solo CEO.
The changes have continued, but it hasn’t been all departures. Over the past few months, SAP has made five big hires, luring executives from Cisco, Lenovo, and even rivals Microsoft and Salesforce.
One of them was Anuj Kapur, Cisco’s former chief strategy officer, who was recruited to become SAP’s new president of corporate development and strategy in July.
“It’s a reflection of the fact that we all saw something special in SAP,” he told Business Insider of the spate of new hires.
SAP, founded in 1972, is dominant in the market for enterprise software used in private data centers. Like other traditional enterprise tech giants, it’s facing stronger rivals in the enterprise cloud market, primarily Microsoft and Salesforce in this case.
But SAP’s big hires highlight the company’s bid to play a bigger role in cloud.
“The …read more
Source:: Businessinsider – Tech