Leading business-software maker SAP AG (NYSE: SAP) on Monday announced a strategic shift in the corporate suite. Léo Apotheker has resigned as CEO and member of the SAP executive board, effective immediately. The abrupt decision came as part...
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FRANKFURT – German software maker SAP AG's stock slid 2.5 percent Monday, the day after CEO Leo Apotheker unexpectedly resigned and was replaced with a pair of co-chief executives.
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FRANKFURT (Reuters) –
The abrupt resignation of SAP AG's (SAPG.DE) chief executive Leo Apotheker put pressure on the group's stock on Monday as the market sought direction on where the world's largest business-software company is headed.
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FRANKFURT – The chief executive of German software company SAP AG, Leo Apotheker, has resigned after his contract was not renewed and will be succeeded by two co-CEOs, the company said Sunday.
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BERLIN (AFP) –
German-based SAP, the world's largest professional software group, announced Sunday that Leo Apotheker was stepping down as chief executive officer and was being replaced by two company insiders.
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Tags: Bill Mcdermott, Ceos, Chief Executive Officer, Chief Technology Officer, Company Insiders, Customer Needs, Hagemann, Leo Apotheker, Net Profit, New Leadership Team, Operating Profit, Plattner, Product Innovation, Professional Software, Profitable Growth, Sap, Software Group, Software Market, Strategy And Focus, Supervisory Board
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