Home Trading ETFsStock Market SAP’s head of cloud business latest top departure in restructuring By Reuters

SAP’s head of cloud business latest top departure in restructuring By Reuters

by Reuters
© Reuters. SAP logo at SAP headquarters in Walldorf

BERLIN (Reuters) – Software company SAP said the head of its cloud business group had decided to leave the company, the latest in a string of top departures as Europe’s most valuable technology firm reshapes its operations.

Robert Enslin, who joined SAP in 1992 and had served on its board since 2014, had been tipped by some as a potential successor to Chief Executive Bill McDermott.

During his two-year tenure as head of the cloud business group, Enslin helped build out SAP’s cloud portfolio including its $8 billion deal last year to buy Qualtrics, which specializes in tracking online sentiment.

Enslin’s exit follows other high-profile departures, including Bjoern Goerke, chief technology officer and head of SAP’s cloud platform business, and Bernd Leukert, the board executive who ran global service and support.

Programming guru Rich Heilman – who was highly respected in the wider SAP developer ecosystem – has also left.

The departures underscore McDermott’s long-stated ambition to transform SAP into a digital platform business, but the exit of long-serving and well-regarded staff with extensive know-how also risks alienating the company’s core customers.

SAP said in January around 4,400 people would leave under the restructuring. Arch-rival Oracle (NYSE:) has also announced layoffs and some of its top talent has defected to Google (NASDAQ:).

SAP said board member Jennifer Morgan, who joined the company in 2004 and most recently co-led SAP’s global customer operations, would succeed Enslin as president of the cloud business group with imminent effect.

Adaire Fox-Martin will take sole responsibility of global customer operations as president.

SAP will report its financial results for the first quarter as planned on April 24.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy