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SAP's Snabe to step down in 2014, McDermott to become sole CEO

Chris Kanaracus | July 22, 2013
SAP has abruptly reorganized its development strategy, with SuccessFactors CEO and cloud strategy chief Lars Dalgaard leaving the company and executive board member Vishal Sikka now tapped to lead a single software development unit.

Meanwhile, SAP's decision to have Snabe join the supervisory board is a reflection of the valuable role he's played as co-CEO.

"Snabe has done a great job refocusing the company to verticals and industries," Wang said. "He's also been seen as the diplomat within SAP."

While SAP's announcement Sunday explicitly stated that McDermott would become sole CEO, there's a chance SAP will preserve the dual leadership format, according to Wang.

"There is a need for faster pace of innovation and also a greater alignment with the needs of the customer base," Wang added. "We wouldn't be surprised if Vishal is named to Co-CEO in six to nine months as he's a good counterweight to McDermott's sales and business acumen."

SAP is expected to discuss the leadership changes further during a conference call on Monday.

 

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