When Bill McDermott introduced he was stepping down as CEO at SAP a couple of weeks in the past, it definitely felt like a curious transfer — however he landed on his ft fairly rapidly. ServiceNow introduced he could be taking on as CEO there. The transition will happen at year-end.
If you’re questioning what occurred to the present ServiceNow CEO, John Donahoe, properly he landed a job as CEO at Nike. The CEO carousel goes spherical and spherical (and painted ponies go up and down).
Jeff Miller, lead impartial director on the ServiceNow board of administrators, was “thrilled” to have McDermott fill the void left by Donahoe’s departure. “His global experience and proven track record will provide for a smooth transition and continued strong leadership. Bill will further enhance ServiceNow’s momentum and reputation as a digital workflows leader committed to customer success, and as a preferred strategic partner enabling enterprise digital transformation,” Miller stated in a press release.
Jennifer Morgan and Christian Klein changed McDermott as co-CEOs at SAP, and throughout the announcement, McDermott indicated he would keep till the top of the 12 months to assist with the transition. After that, no trip for McDermott, who will apparently begin at ServiceNow after his obligations at SAP finish.
As Frederic Lardinois wrote concerning McDermott’s resignation:
I final spoke to McDermott a few month in the past, throughout a fireplace chat at our TechCrunch Sessions: Enterprise occasion. At the time, I didn’t come away with the impression that this was a CEO on his approach out (although McDermott jogged my memory that if he had already made his determination a month in the past, he most likely wouldn’t have given it away).
ServiceNow is a a lot totally different firm than SAP. SAP was based in 1972 and was a conventional on-premises software program firm. ServiceNow was based in 2004 and was born as a SaaS firm. While McDermott was a part of a transition from a conventional, on-premises enterprise software program firm to the cloud, working at ServiceNow he will probably be main a a lot smaller group. Published estimates have SAP at round 100,000 staff, whereas ServiceNow now has round 10,000.
It’s price noting that the corporate made the announcement after the market closed and it introduced its newest quarterly earnings. Wall Street didn’t seem to the like information, because the inventory was down $13.34, or 5.84%, in early after-hours buying and selling.
