- Push-out Score determined
- After about half a year in the position
- Praise and thanks for Morgan
- Dual Chief Executive Officer role eliminated
- Christian Klein becomes sole Chief Executive Officer
- Morgan said 83 words
(exechange) — Walldorf, Germany, April 20, 2020 — Jennifer Morgan, co-chief executive of SAP, leaves her position — as “mutually agreed.” As announced by SAP SE in a news release on Monday, April 20, 2020, Jennifer Morgan leaves her post as co-chief executive officer at the software company after about half a year in the role, effective immediately.
Morgan leaves the company effective April 30, 2020.
SAP eliminates the dual Chief Executive Officer role. Christian Klein will be sole Chief Executive Officer.
SAP has already removed the name of Morgan as Co-Chief Executive Officer from the leadership page and lists Christian Klein as Chief Executive Officer.
“Swift, determined action”
Jennifer Morgan’s departure from the Co-CEO post is explained as follows. SAP said: “More than ever, the current environment requires companies to take swift, determined action which is best supported by a very clear leadership structure. Therefore, the decision to transfer from Co-CEO to sole CEO model was taken earlier than planned to ensure strong, unambiguous steering in times of an unprecedented crisis.”
Precise information regarding Jennifer Morgan’s future plans was not immediately available.
SAP said: “Jennifer Morgan (48), Co-Chief Executive Officer and member of the Executive Board mutually agreed with the Supervisory Board of SAP SE that she will depart the company, effective April 30, 2020.”
Share price increase since October 2019
The announcement follows an increase in SAP SE’s share price of 6% since October 2019.
Chaired by Hasso Plattner
SAP SE is chaired by Hasso Plattner.
Hasso Plattner is one of the founders of SAP and has been Chairman of the Supervisory Board since May 2003. In this role and as Chief Software Advisor he concentrates on defining the medium and long-term technology strategy of SAP.
In the position of Co-CEO since 2019
Jennifer Morgan became Co-CEO of the Company in 2019.
Jennifer Morgan is a member of the SAP Executive Board of SAP SE.
In her previous role, she had end-to-end responsibility for the company’s cloud lines of business, including SAP Ariba, SAP Concur, SAP Fieldglass and SAP SuccessFactors solutions as well as SAP C/4HANA and Experience Management solutions from SAP (Qualtrics).
Jennifer Morgan was spearheading the company’s rapid and aggressive shift to the cloud as her portfolio included revenue, product development, research, engineering, operations, and sales and marketing across SAP’s cloud businesses.
In 2018, SAP cloud revenue surpassed license revenue for the first time in the company’s nearly five-decade history.
Morgan became the first American woman ever appointed to the SAP Executive Board when she was named President of the Americas and Asia in 2017.
In this role, she was responsible for SAP’s revenue, strategy, and customer success in North America, Latin America, and Asia Pacific Japan, regions encompassing more than 43,000 employees and nearly 230,000 customers.
Prior to being named to the Executive Board, Morgan served as President of SAP North America, where she led the region’s rapid shift to the cloud, sharpened the focus on growth and innovation for more than 155,000 customers, and helped build a culture that earned SAP North America its first ever listing on Fortune’s 100 Best Companies to Work For.
Jennifer Morgan was also instrumental in the region securing its place as a leader in the areas of diversity and inclusion through programs like Autism at Work, and particularly the company’s receipt of EDGE certification – a recognition awarded by the World Economic Forum recognizing the company’s commitment to gender equality and equal pay in the workplace.
Morgan has served in several other leadership roles for SAP since joining the company in 2004.
As head of SAP North America’s public sector organization, and later as president of its Regulated Industries business unit, she was a recognized thought-leader on government and public sector technology innovation, represented SAP to the U.S. Government, and testified before the United States Congress on technology and acquisition issues.
Earlier in her career, Morgan served in various management roles at Siebel Systems and Accenture.
Morgan has been named one of Fortune Magazine’s Most Powerful Women in Business and by Forbes as one of the Most Powerful Women in the World and Technology.
She is a proud graduate of the James Madison University in Harrisonburg, Virginia.
Morgan serves on the Board of Directors of the Bank of New York Mellon, a global leader in investment management and investment services, as well as on the non-profit board of the National Academy Foundation (NAF) and the Board of Advisors at James Madison University’s College of Business.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to SAP and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 17.2020 ($).